jeudi 29 octobre 2015

LG Reports Quarterly Losses as Smartphone Division Slumps

LG's Quarterly Profits Drop as Smartphone Division Slumps

In the 3rd quarter of 2015, LG’s mobile division saw it’s first operating loss in over a year. The company’s smartphone business lost $68 million dollars even though they were able to sell 15 million devices. Their overall revenue also dropped by 48% compared to last year coming in at just over $127 million. Most of LG’s profit came from home appliances, but their TV division also helped out too.

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