Sunday, October 23, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
AT&T to Acquire Time Warner For $85.4B
Internet Disruptions Were Caused By Attacked Connected Devices
TSMC, GlobalFoundries/Samsung To Present Their 7nm Platforms At IEDM
Hon Hai Gains Apple Mac Orders From Quanta
AT&T In Advanced Talks With Time Warner On Merger
LG's Next Flagship G6 Smartphone Won't be Modular
Samsung to Exchange Galaxy Note 7 with New Galaxy S8
Qualcomm Said to Be Near A Deal With NXP
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
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.

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's Next Flagship G6 Smartphone Won't be Modular
LG launches 38-inch 21:9 Ratio Monitor
LG Electronics 3Q profit Down As Mobile Worries Continue
LG and Samsung Replacing LCD with OLED Amid Competition From Chinese LCD Makers
LG Curved OLEDs Not Ready For The G6 Smartphone: report
LG's New X Power Phone Coming At Boost Mobile, Sprint
LG's 77-inch 'LG Signature' OLED TV Available For $20K
LG V20 Smartphone Is Coming With Android Nougat, Dual Screens, Wide Angle Cameras
LG Electronics to Release Quantum Dot TVs Next Year
LG to Boost Its Components Business
LG Partners With Amazon For Smart Home Solutions
LG Builds World's Largest OLED Tunnel At IFA

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .