Eskom CEO Andre De Ruyter has come out to clarify what appears to be a case where he was allegedly quoted out of context….
The company told the Korea Times that it has created a programme management office (PMO) for its mobile business and replaced several senior executives.
In fact, the electronics firm wasn’t coy about the reason for the shakeup.
“Friday’s announcement is because LG Electronics’ latest flagship G5 smartphone failed to generate sales,” LG told the publication.
In an interesting move, the company said that the overseas business division will have a bigger role at the mobile unit.
“The smartphone marketplace is expected to be increasingly competitive in 2016 due to anticipated premium models from competitors and further price competition within the mass tier space,” the company explained.
The G5 received mixed reviews following its release earlier this year, as many critics praised the speed and fingerprint scanner but slammed the build quality and pricey hardware add-ons.
In our G5 review, Andy noted that the G5’s wide angle 8MP camera was better off as a peripheral, adding that the module concept itself felt half-baked.