GSMArena.com - Latest articles: LG posts operating loss in Q1, smartphone division still struggles

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 posts operating loss in Q1, smartphone division still struggles Apr 30th 2019, 20:30 LG Electronics published its financial report for Q1 2019 and the mobile division numbers make for a grim reading. Revenue keeps falling with only KRW1.51 trillion ($1.34 billion) generated between January and March. This is 30% less on an yearly basis and 11% quarter over quarter. According to the official press release, the LG Mobile Communications Company managed to narrow its operational loss to KRW203.5 billion ($181 million) while in a process of rebuilding its smartphone business. Expectations are the launch of LG V50 ThinQ 5G will create a positive momentum in the second...

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