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.

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.


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
This article is part of dossier


Add comment

Please login or register to leave a 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.


LG Electronics more than doubles Q2 operating profit

Published 08 Jul 2016 11:57 CET | World
LG Electronics announced preliminary results for the second quarter showing revenues up 0.5 percent year-on-year to KRW 14 ...

LG reports Q1 sales down 4.5%

Published 11 Apr 2016 12:22 CET | World
LG Electronics announced preliminary results for the first quarter of 2016, showing sales down 4.5 percent year-on-year to KRW ...

LG posts Q4 loss on flat smartphone sales

Published 26 Jan 2016 08:29 CET | World
LG Electronics reported improved operating profit for the fourth quarter compared to a year earlier, as better margins in TVs and ...

LG to offer Hi-Fi music service for premium smartphone users

Published 13 Aug 2015 07:59 CET | World
LG Electronics will offer a high-fidelity (Hi-Fi) music service for customers of its premium smartphones. Starting this month, ...

LG launches Wine Smart flip smartphone

Published 05 Aug 2015 09:23 CET | World
LG Electronics is introducing a new flip phone. First launched as the LG Gentle in Korea, the phone is coming to the rest of the ...

LG maakt 3% minder smartphones in Q2

Published 29 Jul 2015 09:04 CET | World
LG Electronics heeft een omzet gemeld in het tweede kwartaal van 13,93 biljoen Koreaanse won, ca 12,69 miljard dollar. De omzet ...

LG introduces LG Bello II

Published 20 Jul 2015 09:44 CET | World
LG Electronics (LG) has introduced the successor to the LG L Bello: the LG Bello II. The latest mid-range 3G smartphone features ...

LG promotes LG G4 with special videos from YouTube stars

Published 16 Jul 2015 09:07 CET | World
LG said it is partnering with YouTube's most popular stars from around the world to promote its LG G4 mid-tier flagship ...

LG unveils mid-tier LG G4 Beat

Published 09 Jul 2015 09:27 CET | World
LG Electronics has officially unveiled its LG G4 mid-tier flagship smartphone, the LG Beat (G4s). The smartphone will make its ...

LG unveils G4 Stylus, G4c smartphones

Published 19 May 2015 09:04 CET | World
LG Electronics announced two new versions of its flagship G4 smartphone. The G4 Stylus and G4c will begin shipping to retailers ...

LG smartphone shipments soar 26% to 15.4 mln in Q1

Published 29 Apr 2015 08:40 CET | World
LG Electronics announced a net profit of KRW 38.4 billion in the first quarter, up 0.3 percent from the year before but rising ...

LG unveils G4 flagship smartphone

Published 28 Apr 2015 19:35 CET | World
LG Electronics unveiled its new G4 flagship smartphone at simultaneous events in New York, Istanbul, Singapore, London, Paris and ...