The South Korean company LG, fear of growing competition in the mobile market, forced to reduce the prices of its flagship smartphone. This is stated in a new report by the South Korean media, which refers to the publication GSMArena.
The report cites data released leading cellular operator of South Korea's SK Telecom, according to which the average price of 17 smartphones manufactured by LG, is about $ 150 at the conclusion of contact with the mobile operator of the subsidy program with monthly payments of $ 51. For comparison, the average cost of smartphones made by Samsung on the South Korean market is about $ 355.
We add that in the second quarter operating profit of the mobile unit fell by a whopping 99.7%, while smartphone sales declined by 3%.