Sunday, May 01, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
You Can No Longer Use Google In Cortana searches
HP Releases New Chromebook for Home and Office
AMD and Nantong Fujitsu Microelectronics Close on Semiconductor Assembly and Test Joint Venture
Google's Pichai Sees the End of Computers
Amazon Reports Strong Quarter
Sony Reports Loss But PlayStation Keeps Performing Well
Japan Display Showcase The Latest In Display Technologies In SID DISPLAY WEEK 2016
Strong Galaxy S7 Sales Keep Samsung's Profit High
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 > LG 2Q P...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, July 24, 2013
LG 2Q Profit Down, Smartphone Sales Up


LG Electronics reported a 9 percent fall in quarterly profit on Wednesday, as weak TV sales offset a recovery in the company's smartphone business.

LG's mobile phone business shipped 12.1 million smartphones between April and June, the highest ever in the company?s history.

Second-quarter earnings declined 8 percent from a year earlier largely due to increased marketing costs. Net profit reached 156 billion won (US$140 million) in the April-June period, compared with a profit of 169 billion won a year earlier, LG said.

Revenues in the 2013 second quarter rose 10.1 percent year-over-year, reflecting strong sales increases in most of LG?s business units.

The LG Home Entertainment Company reported revenues of KRW 5.5 trillion (USD 4.91 billion), an increase of 6.4 percent from the previous quarter and virtually unchanged year-over-year. Second-quarter operating profit of KRW 107 billion (USD 95.37 million) increased from the previous quarter thanks to stronger sales in developing markets and successful new models, but declined compared to the same period last year due to intense competition and slower demand resulting in a lower average selling price. The company is investing in the premium and large-screen TV market with the expansion of Ultra HD TV and OLED TV products in developed markets.

The LG Mobile Communications Company continued to improve its position in the second quarter recording revenues of KRW 3.12 trillion (USD 2.78 billion), an increase of 34.5 percent from the same period last year. Shipments from mass-market smartphone models such as L-Series II and F-Series are expected to drive sales growth, while high-end products such as G Pro and LG G2 should increase the company's product competitiveness.


Previous
Next
ARM Sales Beat Estimates        All News        Apple Third Quarter Results Boosted By iPhone Sales
Michael Dell Ups Takeover Bid     General Computing News      Apple Third Quarter Results Boosted By iPhone Sales

Get RSS feed Easy Print E-Mail this Message

Related News
LG Posts record Q1 Profit
LG G5 Friends Website Goes Live
New LG Bluetooth Keyboard Can Be Folded Along Five Rows
LG gram 15 Laprops Launch In The U.S.
LG Opens Up LG G5 Modular Design to Developers
Samsung, LG And Japan Display Invest In Japanese OLED Startup
LG Electronics Reports High Q1 Operating Profit
LG Clarifies G5's Casing Is Made Of Aluminum
LG Innotek Develops Ultra-fast, 15W Wireless Charger
LG G5 Now Shipping In United States
LG Introduces New UX 5.0 For Its Smartphones
LG Electronics Release The 86-inch 'Ultra Stretch' Digital Signage

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 .