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Wireless

LG mobile revenues fall 23% in Q3, shipments down 9%

Thursday 27 October 2016 | 08:47 CET | News
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LG Electronics reported sales from its mobile phone business down 23 percent year-on-year in the third quarter to KRW 2.52 trillion (USD 2.3 billion). The company blamed the lower sales on a weak performance for top models like the G5 and price pressure in the smartphone market. Total smartphone shipments fell 9 percent year-on-year and were 3 percent lower versus Q2 at 13.5 million. The lower sales of premium devices and costs for restructuring led to a quarterly operating loss of KRW 436.4 billion in mobile.

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Categories: Mobile & Wireless
Companies: LG
Countries: World
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