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Wireless

LG mobile phone sales, profits down in Q1

Tuesday 21 April 2009 | 09:27 CET | News
LG Electronics shipped 22.6 million mobile phones in the first quarter, down 7 percent from a year earlier and down 12 percent from Q4 due to the economic recession and a seasonal slowdown. LG expects to return to sequential growth in Q2, forecasting a double-digit increase in its unit sales versus Q1, but the Korean company still expects a contraction in the global handset market this year, predicting a 10 percent volume decline in sales to around 260 million units. LG's mobile division revenues for the quarter were still up 16.8 percent from a year earlier to KRW 4.253 trillion, helped by

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Categories: Mobile & Wireless
Companies: LG Electronics Benelux
Countries: World
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