0
Wireless

LG Electronics returns to profit in Q3

Wednesday 24 October 2012 | 08:48 CET | News
LG Electronics reported a small improvement in results at its mobile phone business in the third quarter, restoring the activities to an operating profit of KRW 21 billion. That compares to losses of KRW 140 billion a year earlier and KRW 59 billion in the second quarter. Sales from mobile handsets were still down 9.9 percent year-on-year to KRW 2.423 trillion, but improved 6.0 percent versus Q2. Handset shipments rose 9 percent from the previous quarter to around 14 million units. Growth was led by LTE sales in the US, Japan and Korea and the new L series of 3G phones; the higher end

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: LG
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

LG posts Q4 loss on fine; mobile sales improve

Published 30 Jan 2013 08:51 CET | World
LG Electronics reported a net loss of KRW 468 billion (USD 429 million) for the fourth quarter, hurt by a fine over CRT pricing ...

LG sells over 1 mln Optimus G smartphones globally

Published 18 Jan 2013 13:03 CET | World
LG Electronics has sold more than 1 million Optimus G smartphones worldwide since the device's launch in 2012, reports Yonhap ...

LG sells over 10 mln smartphones in Optimus L series

Published 10 Dec 2012 09:02 CET | World
LG Electronics announced that sales of its Optimus L-Series smartphones have exceeded 10 million units. The series, including the ...

LG Mach earns CarbonFree label

Published 13 Nov 2012 10:09 CET | United States
LG Electronics USA has announced that its LG Mach smartphone available from Sprint for USD 99 with a two-year contract has earned ...

LG to release Nexus phone on 29 October - report

Published 11 Oct 2012 13:21 CET | World
LG will make the fourth version of the Google Nexus, writes Le Figaro without citing its sources. The French newspaper reports ...

LG Display sues Samsung over OLED patent infringement

Published 27 Sep 2012 10:39 CET | Korea, Republic of
LG Display has filed a patent-infringement lawsuit against Samsung Electronics in a South Korea civil court over the use of ...

Samsung sues LG over OLED technology

Published 06 Sep 2012 10:09 CET | Korea, Republic of
Samsung filed an injunction against LG at the Seoul Central District Court, claiming that its competitor needed to take ...

LG introduces Optimus L9 smartphone

Published 29 Aug 2012 09:24 CET | World
LG Electronics unveiled the latest phone in its L-Series, the Optimus L9. The Android 4.0 smartphone comes with a 1GHz dual-core ...

LG Electronics unveils quad-core Optimus G smartphone

Published 28 Aug 2012 09:34 CET | World
LG Electronics unveiled its new quad-core smartphone, the Optimus G. The company said this will be the first LTE device featuring ...

LG works with sister companies on upcoming LTE smartphone

Published 27 Aug 2012 10:34 CET | Korea, Republic of
LG Electronics has developed a next-generation smartphone in partnership with its vertically-integrated sister companies LG Chem, ...

LG introduces Smart TV game portal

Published 27 Aug 2012 09:49 CET | World
LG Electronics has introduced its Smart TV game portal, dubbed 'Game World'. The portal offers downloadable casual 3D games. LG ...

LG to launch Optimus Vu: globally in September

Published 20 Aug 2012 04:17 CET | World
LG Electronics will launch the Optimus Vu: in select markets in Europe, Asia, Middle East, Africa, and Latin America in ...

LG sells 5 mln LTE smartphones

Published 15 Aug 2012 07:18 CET | World
LG Electronics has reached a new milestone with global sales of five million LTE smartphones to date. After reaching sales of ...

LG sells half million Optimus LTE 2 phones in 70 days

Published 03 Aug 2012 09:39 CET | World
LG Electronics has posted a new sales record for its Optimus LTE 2 smartphone, reports Yonhap News Agency. LG achieved a ...

LG Mobile sinks into red in Q2 as sales fall 28.5%

Published 25 Jul 2012 08:56 CET | World
LG Electronics saw its mobile phone business fall into the red again in the second quarter, due to extra marketing costs for the ...





Calendar   /   Industry Events

22 Sep BIG 5G Event
23 Sep Submarine Networks Wold 2020
23 Sep China SDN/NFV/AI Conference
23 Sep Samsung Galaxy Unpacked event
28 Sep Open Networking & Edge Summit
28 Sep The Edge Event
::: More Calendar Items