GSMArena.com - Latest articles: LG Q2 reports show record profit, phones still struggling

GSMArena.com - Latest articles GSMArena.com is the ultimate resource for GSM handset information. This feed contains the latest articles (news and reviews) in chronological order.

LG Q2 reports show record profit, phones still struggling Jul 26th 2018, 14:45 The end of July is filled with Q2 reports and now its time for LG Electronics. The Korean company achieved its highest ever global revenues, highest operating profits and its first KRW30 trillion of sales in 6 months. The black mark on the report is the Mobile Communications division which posted an operating loss and a decline in quarterly sales "due to slowing growth of the global smartphone market". Speaking in absolute numbers, sales between March and June were KRW2.07 trillion ($1.92 billion). The operating loss was KRW185.4 billion, which is equal to $171.95 million. The...

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