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Wednesday, 30 October 2019

LG smartphone sales down 25% in Q3 2019

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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