LG's mobile unit loses $117 Million in Q2 2017, blames it on poor LG G6 sales


LG has announced its second-quarter results for the 2017 and things don’t look too good for the mobile division, yet again. While both the Home Appliance & Air Solution unit and the Home Entertainment unit have brought in profits ($412.5M and $303.8M, respectively), thanks to strong sales of fridges, washing machines, and OLED TVs, the Mobile Communications division continues to bleed billions of Korean won.

According to LG, the mobile unit had $2.39B in revenue, but the operating margin was again a loss of $117.27M.

Read More

LG’s mobile unit loses $117 Million in Q2 2017, blames it on poor LG G6 sales was written by the awesome team at Android Police.





Source link

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.

Powered by WordPress | Designed by: My Touch 4G