LG Seeking Turnaround – PPCGeeks.com https://www.ppcgeeks.com Mon, 20 Dec 2010 17:48:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://www.ppcgeeks.com/wp-content/uploads/2011/08/ppcg_banner-150x78.png LG Seeking Turnaround – PPCGeeks.com https://www.ppcgeeks.com 32 32 LG Seeking Turnaround With Investments in Electronics https://www.ppcgeeks.com/2010/12/20/lg-seeking-turnaround-with-investments-in-electronics/ https://www.ppcgeeks.com/2010/12/20/lg-seeking-turnaround-with-investments-in-electronics/#comments Mon, 20 Dec 2010 17:48:39 +0000 http://www.ppcgeeks.com/?p=14220

LG has made a great announcement just in time for the holidays. LG Group said Monday that it will spend nearly 70% of its planned 21 trillion ($18 billion) investment next year (its biggest ever) in improving its key electronics businesses, including smartphones, tablet computers, advanced flat panels and more.

This move will be an an attempt by LG Group to engineer a quick turnaround in the under performing cellphone business of LG Electronics, the conglomerate’s flagship unit, and penetrate new growth areas in consumer electronics. With Samsung’s recent growth and success, this may just be the best move for LG yet! What do you think?

Source: WSJ & Engadget

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