April 26, 2024

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“The revenue share of higher-margin products in the home appliances division will increase and in the television sector, premium products including OLED TVs will sell more, pushing the operating margin,” said the analyst. “Operating loss from mobile phones will shrink significantly as the division completes improving efficiency.”

The electronics company might surge as a strategic partner for Google’s next-generation business, as it has secured an optimal portfolio for the US giant from AI to self-driving, with a dominant global market share across the sectors, emphasized Kim.

In the first half LG’s flagship smartphone G6 will be equipped with Google’s AI and in the second half, an unprecedented cooperation in all businesses from home appliances and TVs to automobiles is expected, said the analyst, adding that the South Korean company’s stock price this year will come out of the downturn for the first time in seven years.

By Hwang You-mee (glamazon@heraldcorp.com)