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LG Electronics Posts 3rd-Quarter Profit on Phone Earnings

Wednesday, October 24th, 2012

LG Electronics Posts 3rd-Quarter Profit on Phone Earnings
News from Businessweek:

LG Electronics Inc. (066570), South Korea’s second-largest mobile-phone maker, returned to profit in the third quarter on earnings from handset sales.

Net income was 157.1 billion won in the three months ended Sept. 30, compared with a loss of 413.9 billion won a year earlier, Seoul-based LG said in a statement today. The average of 22 analyst estimates compiled by Bloomberg was for a profit of 158.6 billion won.

The company is counting on its Optimus line of smartphones running Google Inc. (GOOG)’s Android operating system to compete with Apple Inc.’s iPhone and Samsung Electronics Co.’s Galaxy devices, while cutting production of cheaper basic phones. LG also seeks to capitalize on demand for computer-like TVs and other appliances to fuel growth.

“They are improving,” Lim Dori, a Seoul-based analyst at Shinyoung Securities Co., said by phone before today’s announcement. “The handset business is steadily getting back on track. In home appliances, LG is competitive, widening their lead over smaller rivals.”

To contact the reporter on this story: Jun Yang in Seoul at jyang1…………… continues on Businessweek

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LG Electronics swings to Q3 profit on surprise handset result
News from Reuters:

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continues on Reuters

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LG Electronics Climbs on Outlook for Earnings: Seoul Mover

Tuesday, February 14th, 2012

LG Electronics Climbs on Outlook for Earnings: Seoul Mover
News from BusinessWeek:

February 14, 2012, 5:49 AM EST

  • Emerging Stocks Fall on Europe Debt Concern After Moody’s Cuts
  • Apple Adds Patent Infringement Claims Against Samsung With Suit
  • South Korea Equity Movers: CJ CGV Falls, Kumho Industrial Climbs
  • South Korea Moves Closer to Setting Limits on Carbon Emissions
  • Sony Incoming CEO Hirai Vows ‘Painful’ Steps to Cut Costs

By Saeromi Shin

Feb. 14 (Bloomberg) — LG Electronics Inc. rose to an eight-month high in Seoul trading after Shinhan Investment Corp. raised its share-price estimate by 13 percent, expecting a recovery in advanced economies to help boost LG’s earning…………… continues on BusinessWeek

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Prada phone by LG 3.0 review
News from Engadget:

LG and Prada have a history of collaboration; their debut phone arrived around the same time as the first iPhone, sporting a black and white display, a petite footprint and a 2-megapixel camera. Next, the Prada II brandished a sliding QWERTY keyboard, a 5-megapixel camera and arrived at a time when WiFi functionality was a big enough deal to note on the press release. Four years on, the pair have rolled their sleeves and attempted to reclaim a place among the top devices, with classy aesthetics backed up by a strong hardware and attractively customized software. This is the team’s first attempt at an Android device, and on paper it’s got some respectable specifications, including a 4.3-inch NOVA Plus display, a dual-core processor and an 8-megapixel camera sensor that appears to be the same one found on LG’s 2011 flagship models. Granted, LG probably wasn’t ever planning to include its latest HD IPS screen on a phone where branding was dominated by the other partner, but this smartphone still wants to appeal beyond its good looks.<…………… continues on Engadget

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LG enV3 VX9200 Verizon Cell Phone with 3MP Camera, Camcorder, Bluetooth, Stereo music, MicroSD expand to 16 GB, Email (Blue)
The LG enV3 VX9200 is a perfect new phone for text messaging fanatics. Slim and feature-packed, the enV3 boasts a full, compact QW…