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LG reports profits in its Q3 earning from smart phones

LG reports profits in its Q3 earning from smart phones
News from The Droid Guy:

Ever since the Apple iPhone and Google’s Android operating system came into existence, Apple and Samsung seem to be the only two companies which are making profits. All other companies which were in the smart phone market, including BlackBerry, HTC, Nokia, HP, Sony, and even LG, are in losses. But now, LG seems to have been picking up the pace. Once the world’s third largest smart phone manufacturer has reported profits again, after a year of heavy losses.

The company has said that it made a total profit of 157.1 billion won ($ 138.5 million) for the three months ended September 30. This is a huge recovery from the 413.9 billion won ($ 366 million) loss it faced in the same period, last year. “However, third-quarter revenue fell 4 percent to 12.38 trillion won ($ 10.93 billion) due to a decline in demand for feature phones,” CNET writes.

“LG’s mobile division recorded a third-quarter profit of 22 billion won ($ 19.4 million), compared with a 138.8 billion won ($ 125.8 million) loss a year earlier,” the online publication mentions. The profits have been credited to the demand for LTE based smart phones. In this quarter, the company has sold 14 million smart phones, which is supposed to be a 9 per cent increase compared to the last quarter. Optimus L series of

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LG Nexus 4 leaks in apparently official press shot
News from SlashGear:

What’s believed to be a promotional image of the LG Nexus 4 bearing Google’s Nexus branding has leaked, ahead of the smartphone’s expected launch next week. The image, courtesy of tipster evleaks, fits with previous leaked photos of the handset in the wild, though that last sighting didn’t include the bold “nexus” logo across the upper rear of the phone. Update: Not so fast! This might not be as legit as we hoped.

Still, that’s a last-minute addition we’d wager, and everything els…………… continues on SlashGear

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