LG's mobile unit swings to loss in first quarter

LG G2

LG Electronics reported a small loss in its mobile device unit, and announced it will release a new flagship mode, the LG G3, in the second quarter while expanding distribution of its less expensive L Series III phones to help combat the loss moving forward. LG has been caught between the high-end phone-makers Apple and Samsung Electronics and budget-minded Chinese vendors.

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Reuters · Wall Street Journal (tiered subscription model), The

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