Saturday, January 31, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
ASUS Announces The B85M-Gamer Mainboard
AT&T, Verizon Among Winners Of US Airwaves Auction
Apple Closes the Gap on Samsung Fourth Quarter's Worldwide Smartphone Shipments
Verizon To Let USers Opt Out Supercookies
Microsoft Outlines Windows 10 Options For The Enterprise
Jolla Tablet Returns to Indiegogo With A 64GB Version
BT Sees Ultrafast Broadband Not Coming Earlier Than 2025
Google To Change Privacy Policy After UK's Watchdog Investigation
Active Discussions
Why Double Logins ?
retrieving burned cd information
Writing Audio files on DVDs ?
Need major help with Gigabeat
New match-3 puzzle game launch now!
Rimage 2000i
Sound card for my Laptop
hello
 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 Electronics Q4 Net Loss Widens, Full Year Profit Soars
LG Display, SK Hynix Benefit From Strong iPhone Sales
LG Display Buys Rights To Use New OLED Technology
Curved LG G Flex 2 Smartphone Launching Next Week, G4 Possibly Delayed
LG Unveils Ultra-light 14-inch Laptop
LG Chooses WebOS For Upcoming Smartwatch
LG CEO Reveals Business Strategies At CES
LG Unveils Expanded OLED TV Lineup With New Content Options At CES 2015
LG Display Showcases Latest Technologies at CES 2015
LG To Introduce 21:9 Gaming Monitor With AMD FreeSync At CES 2015
LG Expands Its Homechat Enabled Smart Product Lineup
LG Previews Its 2015 4K ULTRA HD TV Lineup

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 .