Monday, May 25, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Charter To Buy Time Warner Cable: reports
Apple iOS 9 Could Give New Breath To Your Old iPhone 4, iPad Mini
New Intel Purley Xeon Processors Coming in 2017
Thermaltake Suppressor F51 Mid-tower Chassis Coming At Computex
New Fujitsu ARROWS NX F-04G Smartphone Supports Iris Authentication
Daimler and Qualcomm To Collborate On Connected Car Technologies
Microsoft, Salesforce Talks Stall On Pricing: report
Apple Posts Photo Of New iPhone
Active Discussions
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Slow TV...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 24, 2013
Slow TV Sales Pull Down LG's Profit


LG Electronics said Wednesday its first quarter earnings shrank compared to the previous quarter as its TV business was slow, despite a recovery in its mobile operations.

LG said it shipped 10.3 million smartphones between January and March, the highest for LG since it entered the smartphone race.

First-quarter operating profit of KRW 350 billion (USD 322.88 million) and net profit of KRW 22 billion (USD 20.30 million) declined somewhat from the same period last year. However, revenues in the first quarter rose 6.8 percent year-over-year to KRW 14.10 trillion (USD 13.01 billion) mainly due to the improved performance of the mobile business.

LG's Home Entertainment company revenues of KRW 5.17 trillion (USD 4.77 billion) declined year-on-year due to lower sales of plasma TVs and IT products. Sales of LCD TVs increased in Europe and developing markets such as China and CIS from the same period last year. Operating profit of KRW 30 billion (USD 27.68 million), although lower than last year, increased compared to the previous quarter. Although TV and IT market will continue to be stagnant , LG expects stronger results with the rollout of new 3D Smart TVs and ULTRA HD TVs.

LG Mobile Communications company results improved significantly in the first quarter, recording revenues of KRW 3.21 trillion (USD 2.96 billion) on smartphone shipments of 10.3 million units, an increase in revenue of 28.5 percent from the same period last year. Healthy sales of LTE smartphones such as the Optimus G and Optimus G Pro along with 3G smartphones including the Optimus L Series and Nexus 4 contributed to the improved results. Operating profit increased almost four-fold from the same period last year to KRW 133 billion (USD 122.69 million) thanks to stronger revenue and better cost structure. The company expects to further increase shipments and sales in the second quarter with the worldwide rollout of Optimus L SeriesII targeting 3G markets with the 5.5-inch Full HD IPS Optimus G Pro and Optimus F Series in countries with 4G LTE networks.


Previous
Next
LG Applied For Head mounted display Patent        All News        Nintendo Returns To Profit, Expects Strong Wii U Sales
LG Applied For Head mounted display Patent     General Computing News      Toshiba to Buy Assets of Bridgelux

Get RSS feed Easy Print E-Mail this Message

Related News
LG Display Unveils New Wallpaper OLED Panel
LG Introduces G4 Stylus And G4c Smartphones
LG G4 To Begin Shipping Worldwide
LG Lancet Smartphone Coming On Verizon
LG Electronics' 1Q Profit Decreased
Leather-clad LG G4 Smartphone Is Official
LG Display Leads The OLED Market
LG Watch Urbane Smartwatch Rolls Out Worldwide
European Court Confirms LCD Panel Cartel Fine for LG Display
LG Display Returns to Profitability
LG Music Flow With Google Cast Launched
Netflix And LG Launch New 4K OLED And ‘Prime Ultra HD Tvs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .