LG's handset business turn to loss as smartphone competition squeezes prices

  • by: YOUKYUNG LEE , Associated Press
  • Updated: October 24, 2013 - 12:55 AM

SEOUL, South Korea — LG Electronics Inc. said its handset business sank into the red for the first time in a year as it cut prices and spent more on marketing to carve out a share of the high-end smartphone market.

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