South Korean electronics giant LG said it expects the health of its mobile business to improve in the fourth quarter of the year, as it launched a new smartphone and smartwatch.
The new models allow users to make calls without being tethered to a handset. Speaking at the launch of these devices, LG mobile chief Cho Juno said various macroeconomic changes, such as a favorable exchange rate will help the company, but did not give any specific numbers or say whether he was referring to profit or revenues.
In the second quarter of 2015, LG said sales in its mobile division were flat year-on-year with shipment volumes falling 3 percent. Operating margin also decreased with the electronics giant blaming "price declines as a result of intensified competitions and increased marketing expenses."