LG recorded the first in 6 years quarterly loss because of LG G5 Reputation

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POSTER: computer news   ||   LG RECORDED THE FIRST IN 6 YEARS QUARTERLY LOSS BECAUSE OF LG G5 REPUTATION	DATE:2017-01-26
The South Korean giant LG unveiled its financial results for 2016 as a whole and for the fourth quarter in particular.  The total operating profit of LG units was 1.34 trillion won (about $ 1.16 billion). Despite the fact that the results of 2016  profit LG was higher than a year earlier, the past year has been for us  not the best because of the loss of the mobile unit.  The total income received by the company at the end of 2016, amounted to 55.37 trillion ($ 47.92 billion), of which 126.3 billion won ($ 109.31 million) - this is the net profit.  In the fourth quarter of last year the company received 14.78 trillion won ($ 12.79 billion), which is 11.7% more than in the previous quarter and 1.5% more than in the same period last year.  Income LG's mobile division in the final quarter of 2016 amounted to 2.9 trillion won ($ 2.51 billion), which is 15% higher than in the previous quarter, but at the same time by 23% compared with the fourth quarter 2015. In the fourth quarter, LG recorded a loss of 258.8 billion won ($ 223.98 million).  This is the first quarterly loss, which LG has suffered for the last 6 years.  Losses guide LG explains the low sales of its flagship smartphone LG G5 Reputation: and costly marketing.  Releasing LG G5, the company relied on its modularity, but  expectations were not fulfilled.  LG has learned a lesson and will not use a modular design in its next flagship LG  G6 , which will be presented Feb. 26 at the exhibition Mobile World Congress (MWC 2017) in Barcelona. Related Products :

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