Saturday, June 29, 2013

LG Q1 earnings come in lower last year, but mobile business is improved

LG released its results for the first quarter of 2013, although generally declined since last year, there is good news for their phones. Net income of $ 20.3 million is less than Q1 2012 from 214 million - but it's better than the demand due to the loss of T4 428 million - awarded to the lowest earnings in the sector home theater. The good news is reserved for the mobile, where sales increased by 30 percent since last year thanks to features such as Optimus G L series (original Nexus Pro and 4). Entertainment Home Sales fell to its lowest level last year, blamed mainly on the reduction of plasma screens and professionals. Q2 should be another good as Optimus L Series II 5.5 inch Optimus T Optimus Pro and vessel F worldwide. According to LG LCD sales were made to the growing demand in Europe and China, but revenues were affected by increased competition. While it is expected that the global market for change, which is looking for better results in Q2 its new 3D TVs with Smart hit the shelves next 4K and OLED sets. We will continue to dig into the numbers to see more details, refer to the source link below to take a look for yourself.

Filed under: mobile phones, Home Entertainment, HD, Mobile, LG

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