Sunday, May 24, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Daimler and Qualcomm To Collborate On Connected Car Technologies
Microsoft, Salesforce Talks Stall On Pricing: report
Apple Posts Photo Of New iPhone
New ASRock Rack Motherboard Has 24 DDR4 Slots
BlackBerry Cuts Jobs Worldwide
Upcoming Video Cards Form AMD and Nvidia Appear Online
YouTube's Music Key Service Pushed Back For September 2015
Factory Resetting Your Android Phone Does Not Delete Everything
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 > 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 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 .