Monday, May 25, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Charter To Buy Time Warner Cable: reports
Apple iOS 9 Could Give New Breath To Your Old iPhone 4, iPad Mini
New Intel Purley Xeon Processors Coming in 2017
Thermaltake Suppressor F51 Mid-tower Chassis Coming At Computex
New Fujitsu ARROWS NX F-04G Smartphone Supports Iris Authentication
Daimler and Qualcomm To Collborate On Connected Car Technologies
Microsoft, Salesforce Talks Stall On Pricing: report
Apple Posts Photo Of New iPhone
Active Discussions
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
cdrw trouble
 Home > News > General Computing > LG 2Q P...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, July 24, 2013
LG 2Q Profit Down, Smartphone Sales Up


LG Electronics reported a 9 percent fall in quarterly profit on Wednesday, as weak TV sales offset a recovery in the company's smartphone business.

LG's mobile phone business shipped 12.1 million smartphones between April and June, the highest ever in the company?s history.

Second-quarter earnings declined 8 percent from a year earlier largely due to increased marketing costs. Net profit reached 156 billion won (US$140 million) in the April-June period, compared with a profit of 169 billion won a year earlier, LG said.

Revenues in the 2013 second quarter rose 10.1 percent year-over-year, reflecting strong sales increases in most of LG?s business units.

The LG Home Entertainment Company reported revenues of KRW 5.5 trillion (USD 4.91 billion), an increase of 6.4 percent from the previous quarter and virtually unchanged year-over-year. Second-quarter operating profit of KRW 107 billion (USD 95.37 million) increased from the previous quarter thanks to stronger sales in developing markets and successful new models, but declined compared to the same period last year due to intense competition and slower demand resulting in a lower average selling price. The company is investing in the premium and large-screen TV market with the expansion of Ultra HD TV and OLED TV products in developed markets.

The LG Mobile Communications Company continued to improve its position in the second quarter recording revenues of KRW 3.12 trillion (USD 2.78 billion), an increase of 34.5 percent from the same period last year. Shipments from mass-market smartphone models such as L-Series II and F-Series are expected to drive sales growth, while high-end products such as G Pro and LG G2 should increase the company's product competitiveness.


Previous
Next
ARM Sales Beat Estimates        All News        Apple Third Quarter Results Boosted By iPhone Sales
Michael Dell Ups Takeover Bid     General Computing News      Apple Third Quarter Results Boosted By iPhone Sales

Get RSS feed Easy Print E-Mail this Message

Related News
LG Display Unveils New Wallpaper OLED Panel
LG Introduces G4 Stylus And G4c Smartphones
LG G4 To Begin Shipping Worldwide
LG Lancet Smartphone Coming On Verizon
LG Electronics' 1Q Profit Decreased
Leather-clad LG G4 Smartphone Is Official
LG Display Leads The OLED Market
LG Watch Urbane Smartwatch Rolls Out Worldwide
European Court Confirms LCD Panel Cartel Fine for LG Display
LG Display Returns to Profitability
LG Music Flow With Google Cast Launched
Netflix And LG Launch New 4K OLED And ‘Prime Ultra HD Tvs

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 .