Saturday, August 01, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
NVIDIA Recalls SHIELD Tablets Due To Battery Issues
Firefox Attacks Microsoft Over Default Browser in Windows 10
Sharp to Exit Americas TV Market
Researchers Showcase Javascript-based Attack On a Computer's DRAM
Hackers Used Twitter hashtags To Extract Data From Compromised Networks
Facebook Unveils New Security Checkup Tool
Court of Appeals Rejects Google's Move To Overturn Microsoft's Patent Royalty Victory
Toshiba Expands Lineup of Phase Detection Auto-Focus-equipped CMOS Image Sensors for Smartphones
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Slow TV...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 24, 2013
Slow TV Sales Pull Down LG's Profit


LG Electronics said Wednesday its first quarter earnings shrank compared to the previous quarter as its TV business was slow, despite a recovery in its mobile operations.

LG said it shipped 10.3 million smartphones between January and March, the highest for LG since it entered the smartphone race.

First-quarter operating profit of KRW 350 billion (USD 322.88 million) and net profit of KRW 22 billion (USD 20.30 million) declined somewhat from the same period last year. However, revenues in the first quarter rose 6.8 percent year-over-year to KRW 14.10 trillion (USD 13.01 billion) mainly due to the improved performance of the mobile business.

LG's Home Entertainment company revenues of KRW 5.17 trillion (USD 4.77 billion) declined year-on-year due to lower sales of plasma TVs and IT products. Sales of LCD TVs increased in Europe and developing markets such as China and CIS from the same period last year. Operating profit of KRW 30 billion (USD 27.68 million), although lower than last year, increased compared to the previous quarter. Although TV and IT market will continue to be stagnant , LG expects stronger results with the rollout of new 3D Smart TVs and ULTRA HD TVs.

LG Mobile Communications company results improved significantly in the first quarter, recording revenues of KRW 3.21 trillion (USD 2.96 billion) on smartphone shipments of 10.3 million units, an increase in revenue of 28.5 percent from the same period last year. Healthy sales of LTE smartphones such as the Optimus G and Optimus G Pro along with 3G smartphones including the Optimus L Series and Nexus 4 contributed to the improved results. Operating profit increased almost four-fold from the same period last year to KRW 133 billion (USD 122.69 million) thanks to stronger revenue and better cost structure. The company expects to further increase shipments and sales in the second quarter with the worldwide rollout of Optimus L SeriesII targeting 3G markets with the 5.5-inch Full HD IPS Optimus G Pro and Optimus F Series in countries with 4G LTE networks.


Previous
Next
LG Applied For Head mounted display Patent        All News        Nintendo Returns To Profit, Expects Strong Wii U Sales
LG Applied For Head mounted display Patent     General Computing News      Toshiba to Buy Assets of Bridgelux

Get RSS feed Easy Print E-Mail this Message

Related News
LG Electronics 2Q Profit Slumps On Weak TV, Smartphone Sales
LG Display to Invest in OLED Panel Line for Flexible Displays
New LG TONE Active Headset Could Ber Your Workout Partner
LG Electronics Denies Take Over Rumors By Google
LG G4 Beat Is An Budget Alternative To The Flagship G4
LG Display Launches Slimmer LCD Panels with Advanced In-Cell Touch Technology for Notebook PCs
South Korean Display Makers To Provide Flexible Display For Next Apple Watch: analyst
LG G4 Better Than Samsung And Apple's flagships: report
LG To Release New Budget Smartphone
LG Turns To Google To Promote OLED TVs
LG Electronics Launches 2015 LED Projector Lineup
LG Display Showcases 18-inch Rollable Display At SID

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .