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Wireless

LG smartphone shipments fall 3% in Q2

Wednesday 29 July 2015 | 08:40 CET | News
LG Electronics reported second-quarter sales down 7.6 percent year-on-year to KRW 13.93 trillion (USD 12.69 billion). Operating profit fell to KRW 244.1 billion, and net profit dropped to KRW 226.4 billion, in what LG called "an extremely challenging environment". LG said market conditions were more difficult than expected, but it hopes to recover the lost ground in Q3 with new products and more effective marketing. Sales at its mobile division were up just 1 percent in the second quarter to KRW 3.65 trillion, and smartphone shipments fell 3 percent from a year ago to 14.1 million units.

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Categories: Mobile & Wireless
Companies: LG
Countries: World
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