LG Electronics had a great overall first quarter of the year, generating profits of over $1 billion. The chaebol's mobile division lost money once again, but the G7 ThinQ might be a winner.
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LG lost another $192 million on smartphones during Q4 2017, nonetheless reporting all-time high overall annual revenues of $55.4 billion.
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LG's mobile division is expected to post its tenth consecutive quarter loss for the July - September 2017 timeframe, despite solid overall company profits.
The post LG probably made more money during Q3 2017 than last year, no thanks to smartphones appeared first on Pocketnow.
Instead of helping LG's smartphone division finally yield a quarterly profit, the G6 contributed to bigger losses and lower overall earnings.
The post LG predicts shrinking overall Q2 profits, high G6 marketing costs likely to cause massive division loss appeared first on Pocketnow.