LG Q1 fiscal results: profit is good, but mobile division still lagging

April 27th, 2017   decode   Android 7.1

LG Electronics posted its Q1 financial numbers and it had the best result in almost a decade. Sadly, the Mobile Communications division wasn’t a big part of that as its revenue only rose 2% YoY.

Total smartphone shipments were up 10% on a yearly basis to 14.8 million units. It was mostly mid-range smartphones like the K-series that bumped those numbers. Because of the slow LG G5 sales and the niche LG V20, the division still lost KRW200 million or $176,000 between January and March. That’s still huge progress over the previous quarter that saw the mobile division bleed over $1…

Written by decode


Comments are closed.