LG Electronics revenue grew after good demand for smartphones

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POSTER: computer news   ||   LG ELECTRONICS REVENUE GREW AFTER GOOD DEMAND FOR SMARTPHONES	DATE:2015-01-30
Samsung Electronics Company, as it became known yesterday from its quarterly report, due to lower demand for branded smartphones has reduced revenues and earnings.  What is interesting competitor and compatriot Samsung - the company LG Electronics, experienced the opposite trend.  Demand for smartphones LG in 2014 was so high that the company has significantly increased the flow of funds.  During the year, as specified LG, the company's smartphone shipments increased by 24%. For the entire 2014 the company earned $ 474,810,000. Net profit, which is 125% more than in 2013.  Annual operating profit for the year increased 46% to $ 1.73 billion., And the annual revenue reached $ 55.91 billion. In the fourth quarter of 2014 revenues of LG Electronics was $ 14.06 billion. In relation to the annual quarterly revenues grew by 28%.  But net profit in the fourth quarter.  Were losses.  LG has eliminated the production of TV panels and was forced to spend writedowns.  Net loss for the fourth quarter were $ 189,410,000. Division of LG Home Entertainment Company for the year received $ 482.01 million. Operating profit on a background of annual revenue in the amount of $ 18.35 billion., Which is 31% more than in 2013 year.  From the third to the fourth quarter 2014 revenues of units increased by 20% to $ 5 billion. Division of LG Mobile Communications Company for 2014 increased its revenue by 16% to $ 14.26 billion. Most smartphones have been sold in the United States (+ 78% of revenues for the year).  Revenue in the fourth quarter was $ 3.48 billion. And was only 5% more than in the same period of 2013.  In just one year, the company sold 59.1 million. Smartphones - 24% more than in 2013.   In conclusion, a few words about the smartphone model G Flex2 and problems with the processor Qualcomm Snapdragon 810. At a press conference the company's management was asked about the problems with the new processor Qualcomm.  Earlier LG denied the existence of problems.  The company admitted that the work of devices based on Snapdragon 810 does cause issues, but it was in the early products samples  . Related Products :

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