LG Electronics posts stronger profits as Samsung’s device business struggles

LG Electronics has made more money this year, while Samsung’s device business is expected to keep losing money.

Both companies face weak demand, rising costs and stronger competition from Chinese firms.

LG has cut costs and expanded its product and business mix.

Samsung is focusing more on AI and premium products while scaling back some lower-value operations.

These changes are attempts to improve profits and make the companies more resilient.