LG Electronics warned that profits at its struggling handset division would be slow to recover, as it retools its business to introduce Android-based devices in a fast-growing, high-end smartphone segment, including new models for Verizon.
Posts Tagged ‘turnaround’
T-Mobile reported a fall in earnings, despite adding 371,000 new customers in the last quarter, due to gains in its lower-paying prepaid business.
AP – Motorola Inc. showed progress in its turnaround efforts Thursday but a disappointing profit forecast sent its shares sliding.
Sony Ericsson posted a narrower fourth-quarter loss as new smartphones and lower costs helped lift its slumping sales, indicating that the company may be slowly progressing in its turnaround plans.