Tuesday, October 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Is Rolling Out First New Windows 10 Preview Build
Yahoo Reports High Revenue and Profit
New Samsung Galaxy S5 'Plus' Released With Faster Processor
Google, Facebook And Comcast Spend The Most On Lobbying
Google Play Music App To Follow Your Mood
Login To Google Using A USB Security Key
Toshiba Debuts New 2-in-1 Convertible PC with a 360-Degree Design
Acer Leads The Growing Chromebook Market
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 Home > News > General Computing > Smartph...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, October 24, 2013
Smartphone Costs Keep LG's Third Quarter Results Low


LG Electronics reported its lowest quarterly profit for 2013 on Thursday as its mobile business slipped into the red due to the cost of marketing its latest smartphone.

The world's No.2 TV maker announced third-quarter 2013 consolidated revenues of KRW 13.89 trillion (USD 12.51 billion). While competitive conditions in the TV sector and an unfavorable foreign currency exchange rate affected overall revenues compared with the 2012 third quarter, sales of mobile devices increased year-over-year by 24 percent. LG saw a 27 percent increase in third-quarter operating profit to KRW 217.80 billion (USD 196.34 million) compared with the same period last year.

The LG Home Entertainment Company reported revenues of KRW 5.01 trillion (USD 4.50 billion), a 7 percent decline from the same period a year ago, reflecting slower global TV demand and lower selling prices. As it enters the holiday selling season, LG plans to expand global sales of premium products such as OLED TVs and Ultra HD TVs while continuing to carefully manage costs.

Global television manufacturers are betting bigger-ticket products such as ultra high-definition models and OLED lineups help counter slowing TV shipments, even if high production costs price them beyond reach for many consumers.

LG has slashed the price of its 55-inch UHD a couple of times this year. Even so they still sell for some 5 million won ($4,700), around double the price of standard LCD TVs.

The LG Mobile Communications Company's third-quarter revenues increased by 24 percent compared with the same quarter a year ago to KRW 3.05 trillion (USD 2.75 billion). The company shipped 12 million smartphones in the third quarter but profitability and average selling price were affected by increased competition and higher marketing investments. LG plans to focus on increasing sales of new premium products such as the LG G2 smartphone during the peak holiday season as well as maximizing 3G and mid-tier mass devices such as the L II Series and F Series.




Previous
Next
Samsung Applies For Electronic Glasses Patent        All News        Samsung Apologizes After China For Handset Glitches
Microsoft Says Apple's iWork Is 'Lightweight'     General Computing News      Internet Domain Names Expand In Chinese, Russian, And Arabic Languages

Get RSS feed Easy Print E-Mail this Message

Related News
LG Ultra-Portable HD MiniBeam Projector Features Built-in Battery
LG Registers 'frame' Trademarks For New Handsets
LG Brings Its Ultra HD 4K OLED TV To The U.S.
LG Unveils The F60 LTE Smartphone
LG To Launch New Smartwatch With 3G Connectivity
LG Partners With Microsoft On IoT Devices
Korean Authorities To Inverstigate LG-Samsung Dispute
LG G3 Stylus Debuts
LG L Fino and L Bello Boast Smartphones Are Rolling Out
LG Doubling The Battery Life For G3
LG Presents Large Range Of Solutions At IFA 2014
LG Further Pushes Chatting With Your Home Appliances

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .