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LG swings to Q4 loss, but Nexus 5, …

LG swings to Q4 loss, but Nexus 5, …
News from CNET:

The Korean conglomerate posts a loss pegged to currency exchange shifts, but sees smartphone shipments rise 54 percent to 13.2 million units.

January 27, 2014 4:26 AM PST

LG and Google’s Nexus 5.

(Credit: Josh Miller/CNET)

LG Electronics swung to a loss in the fourth quarter, but saw signs of life flicker a little brighter in its smartphone business.

The Korean conglomerate posted a loss of 64 billion Korean won, or $ 59.1 million, reversing a year-ago profit of 223 Korean won, or $ 205.8 million. LG blamed an unfavorable shift in the foreign currency exchange rate for the year-over-year downturn.

Revenue, however, inched up 0.8 percent to 14.92 trillion Korean won, or $ 13.8 billion.

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LG swings to Q4 loss, but G2 and Nexus 5 drive phone sales
News from CNET:

The Korean conglomerate posts a loss pegged to currency exchange shifts, but sees smartphone shipments rise 54 percent to 13.2 million units.

January 27, 2014 4:26 AM PST

LG and Google’s Nexus 5.

(Credit: Josh Miller/CNET)

LG Electronics swung to a loss in the fourth quarter, but saw signs of life flicker a little brighter in its smartphone business.

The Korean conglomerate posted a loss of 64 billion Korean won, or $ 59.1 million, reversing a year-ago profit of 223 Korean won, or $ 205.8 million. LG blamed an unfavorable shift in the foreign currency exchange rate for the year-over-year downturn.

Revenue, however, inched up 0.8 percent to 14.92 trillion Korean won, or $ 13.8 billion.

Related stories

  • T-Mobile adds curvy LG G Flex, Optimus F3Q slider on Feb. 5 continues on CNET

… Read the full article

.


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