LG says the flagship G6 smartphone isn’t offered as good as expected

LG’s mobile business is in a gummy patch after a association certified a flagship LG G6 smartphone hasn’t sole as good as expected.

LG Electronics itself posted a business-wide handling income of KRW 664.1 billion (USD 588.2 million) on altogether revenue KRW 14.55 trillion (USD 12.89 billion). While LG’s handling income rose by 14 percent year-on-year to overtake a 4 percent annual expansion in revenue, a altogether numbers were curtailed by a mobile business that posted a KRW 132.4 billion ($117.27 million) detriment for a quarter.

The “challenging” entertain was down to “weaker than approaching reward smartphone sales and boost in member costs,” LG said. In a prior quarter, Q1 2017, LG’s smartphone shipments jumped over 10 percent to 14.8 million with a G6, that ditched a initial modular proceed of a predecessor, among a tip performers. The association didn’t divulge sales for Q2.

The company’s phone business indeed achieved improved this entertain than a same duration in 2016, when it available a wider detriment of KRW 153.5 billion (USD 132.10 million), even yet a income fell by 19 percent year-on-year. But opposite a backdrop of 3 of a Korean company’s primary business units stating increasing income levels, a phone business is again a laggard.

Some certain news can be found in North America, where LG pronounced sales were adult 13 percent year-on-year interjection to a recognition of a some-more affordable phones. LG believes a arriving Q Series, another mid-range effort, can assistance revitalise a mobile business in a second half of this year.

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Posted by on Jul 27 2017. Filed under Mobile. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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