LG looks to outsource more, shuns low-end
BARCELONA (Reuters) - Rapid sales growth at South Korea's LG Electronics will spur higher outsourcing of handset production this year, a senior company official said on Tuesday.
LG, like rival Samsung Electronics, has retained a vast share of its production but Chang Ma, LG's vice president for marketing strategy, said that is about to change.
"Starting this year, we will take outsourcing more seriously," Chang Ma told Reuters in an interview at Mobile World Congress trade show.
Some European and U.S. cellphone vendors have outsourced more than half of their production to firms such as Flextronics, Foxconn or Elcoteq.
LG's Ma also said the world's fifth largest cellphone maker has no intention to enter the ultra low-end of the market for phones which sell for less than 30 euros ($44), the fastest growing segment.
"We do not have any intention to go there," he said.
- Tweet this
- Share this
- Digg this
- Supreme Court makes gay sex illegal again
- Obama and Castro shake hands, Zuma humiliated at Mandela memorial
- UPDATE 3-GM to halt car production in Australia, industry in crisis
- REFILE-UPDATE 1-Obama says budget deal is good first step, urges Congress to act
- SEBI cracks down on new funds, asset managers chafe
Google Inc opened its first two data centres in Asia on Wednesday to cater to the world's fastest growing consumer technology markets, but the company has no plans to open one in China or India. Full Article