LG smartphone shipments last quarter decreased
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POSTER: computer news || LG SMARTPHONE SHIPMENTS LAST QUARTER DECREASED |
DATE:2015-10-30 |
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After Apple and Samsung its financial report for the last quarter this week released the South Korean company LG. Its mobile division in the reporting period, sold 8.1 million LTE-smartphones worldwide, a record for LG. In addition, revenues in North America's mobile business increased by 36% year on year, owing mainly to successful sales in the region of the middle class smartphones and tablets. But South Korea's LG case is somewhat different. Demand for the premium segment of the company's products there is a noticeable weak, affecting the overall profitability. Revenue rose 1% to $ 3.33 billion, but the overall smartphone shipments fell by 3% to 14.1 million. Also, at the end of the last quarter of LG mobile division incurred a loss of $ 67.8 million. It is noted that the LG will continue to adhere to the two-pronged strategy of promotion of products, focusing on premium devices, as well as mid-market products for the emerging markets. The division of LG Home Entertainment Company reported a decrease in operating margins due to the flagging global LCD-TV market and the negative effects of developments in the currency markets. However, the company expects to improve the situation, especially in the segment of 4K-TV, and plans to further expand its line of OLED-TVs. Operating profit LG's TV division reporting period, according to GSMArena, was $ 222 million. Overall, LG's earnings results last quarter, under extremely difficult circumstances was $ 206 million | ||
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LG SMARTPHONE SHIPMENTS LAST QUARTER DECREASED |
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