LG may shift focus to smartphones, tablets

Michael Carroll
06 Jan 2014
Daily News

LG Electronics is tipped to be on the brink of cutting back production of PCs in favor of smartphones, tablets, and hybrid computers.

Ha Hyeon-hoe, chief of the firm’s Home Entertainment division, is expected to reveal the strategy shift in a press briefing at the Consumer Electronics Show in Las Vegas tomorrow (Jan 7), The Korea Times reports, citing a company executive

LG’s Home Entertainment unit produces PCs, TVs, and monitors, while mobile handsets are handled by its Mobile Communications division. Home Entertainment sales fell 7% year-on-year to 5 billion won ($4.7 million), and while the firm states profitability improved quarter-on-quarter, it doesn’t reveal the figure.

Traditional PC sales are waning as tablets become mainstream. Research firm Canalys predicts tablets will account for half of all PC shipments in 2014, up from 40% in 2013. The firm states tablets were largely responsible for an 18% year-on-year rise in overall PC shipments – desktop, notebook, laptop, and tablet – in 3Q13, as sales of notebooks and laptops fell year-on-year.

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