GSMArena.com - Latest articles: LG smartphone sales down 25% in Q3 2019

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 smartphone sales down 25% in Q3 2019
Oct 30th 2019, 11:58

LG Electronics announced its Q3 financial results and the overall picture looks good - highest sales ever between the months of July and September, and best profitability in the last ten years. However, the Mobile Communications division is reporting 24.5% decline in sales on a yearly basis, although it did manage to reduce its operating loss from KRW313 billion ($268 million) to KRW161.2 billion ($138.2 million). The company said the reason for the unimpressive sales was the "challenging global smartphone market". A shining beam of light in the performance of the division was the...

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