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LG swings to Q4 loss, but Nexus 5, …

Tuesday, January 28th, 2014

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

.


LG Electronics posts loss after EU fine

Sunday, February 3rd, 2013

LG Electronics posts loss after EU fine
News from Financial Times:

LG Electronics, the world’s second-largest television maker by revenue, reported an unexpected loss for the fourth quarter as a big fine in the EU for price-fixing outweighed an improved performance in its mobile phone business.

The South Korean company suffered a net loss of Won468bn ($ 432m) in the October-December period, widening from a Won112bn loss a year earlier.

In December, LG, which derives about half of its sales from TVs, was fined €492m by the EU antitrust regulator as part of a record combined €1.47bn price fixing penalty on cathode-ray tube TV makers including Philips, Panasonic and Toshiba.

The profit margin at LG’s TV business shrank to 0.3 per cent in the fourth quarter from 0.8 per cent in the third quarter due to slowing…………… continues on Financial Times

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Apple Ousts Samsung As No.1 Mobile Maker In US In Q4 2012 — Taking …
News from TechCrunch:

Apple took the title of largest mobile maker by volume in the U.S. in Q4 2012, according to Strategy Analytics, which said Cupertino rose to the top of the U.S. phone maker charts for the first time ever — taking a record 34 per cent market share, and shipping an estimated 17.7 million units in the quarter. Samsung came second, with a 32.3 per cent share, shipping 16.8 million smartphones. Third place went to LG — but the company was far behind Apple and Samsung, with only a nine per cent share, and shipments of 4.7 million units.

However, despite losing out to Apple in Q4, Samsung came out on top in the U.S. for the full year 2012 — taking a 31.8 per cent share of the market vs Apple’s 26.2 per cent. LG took 12.3 per cent for the full year.

Strategy Analytics said generous carrier subsidies and extensive marketing of the new iPhone 5 model helped Apple to claim the U.S. mobile crown in Q4 — taking the title from Samsung which had held it since 2008. Samsung still put in a good performance in the fourth quarter, according to the analyst — which noted that its market share rose five points from a year earlier. However this increase was “not enough to hold off a surging Apple”, it said.

As for LG, while it remains the third largest player in the U.S. it has struggled to compete with “an Apple…………… continues on TechCrunch

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LG Micro USB Data Cable for all LG Micro USB Phones – Black
Micro data cable for syncing cababilities….

LG Electronics Quarterly Profit Misses Estimates on Phone Loss

Wednesday, July 25th, 2012

LG Electronics Quarterly Profit Misses Estimates on Phone Loss
News from Bloomberg:

LG Electronics Inc. (066570), the world’s fourth-largest mobile-phone maker, reported profit that missed analysts’ estimates after sales of its handsets lagged behind models from Samsung Electronics Co. and Apple (AAPL) Inc.

Net income rose 47 percent to 159 billion won ($ 138 million) in the three months ended June 30, Seoul-based LG said in a statement today. The average of 23 analysts’ estimates compiled by Bloomberg was for a profit of 278.8 billion won. Second-quarter sales totaled 12.9 trillion won, also lagging behind estimates.

LG, overtaken by Apple as the wor…………… continues on Bloomberg

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Cellular Country Now Selling Refurbished LG Dare Phones
News from Virtual-Strategy Magazine:

Cellular Country has announced its latest addition for the coming month of August; the new cell phone is the LG Dare.

Miami, FL (PRWEB) July 24, 2012

Cellular Country has announced its latest addition for the coming month of August; the new cell phone is the LG Dare. The addition of the Dare seeks to help Cellular Country increase its market share. The company is aggressively marketing its cell phone brands and models. With the addition of a new affordable cell phone, Cellular Country aims to develop a longer relationship with their customers.
The Dare that Cellular Country offers sells for an affordable $ 114.99. The low price helps keep loyal customers and attract new customers. Cellular Country has been known for selling high quality LG phones at an affordable price. The low prices have kept the company’s competition at bay and have helped the company reach its prominent position at the top of the cell phone retail industry.
It comes as no surprise as to why Cellular Country chose the Dare among its latest additions. The Dare comes with…………… continues on Virtual-Strategy Magazine

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LG GT550 Encore Unlocked Phone with 3MP Camera, GPS, 3G Support and Touch Screen – US Warranty – Black
The LG Encore weighs 3.7 ounces and measures 4.17 x 2.10 x 0.47 inches. Its 950 mAh lithium-ion battery is rated at up to 3 hours …

LG Electronics Parent Loss Narrows on TV, Smartphone Sales

Wednesday, February 1st, 2012

LG Electronics Parent Loss Narrows on TV, Smartphone Sales
News from BusinessWeek:

January 31, 2012, 11:47 PM EST

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  • Fujitsu Cuts Profit Target 42% as Thai Floods Disrupt Output
  • Samsung Profit Rises as Phone Sales Mask Slump in LCD Panels
  • LG Display Fourth-Quarter Loss Narrows on 3-D, Mobile Demand
  • Hyundai, Kia Fall After Earnings Miss Estimates: Seoul Mover

By Jun Yang

(Updates with group net loss estimate in second paragraph.)

Feb. 1 (Bloomberg) — LG Electronics Inc., South Korea’s second-largest electronics maker, reported a narrower full-year loss at the parent level, helped by sales of…………… continues on BusinessWeek

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LG to launch triple SIM phone, the A290
News from Moneycontrol.com:


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LG to launch triple SIM phone, the A290

LG is all set to launch a new mobile phone that has capacity for not two, but three SIM cards. As reported by …

LG is all set to launch a new mobile phone that has capacity for not two, but three SIM cards. As reported by GSM Arena, the new phone, called the A290, will be a triple SIM one and will have a 2.2-inch display with a resolution of 176 x 220 pixels, along with a 1.3 megapixel camera with flashlight. As part of the specs, it will also have a 1500 mAh battery and has fairly thin dimensions of 113.5 x 51 x 12.95mm. The A290 is going to launch in Russia, this February and details about a worldwide release are unknown still. It will be priced at about €75, which turns out to be approximately Rs.4,866, which in our personal opinion is a tad more expensive than the current phones in the market.

( Enjoy Moneycontrol.com on iPad and be prepared for a fantastic exper…………… continues on Moneycontrol.com
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Holster For LG VX5200


This plastic holster is compatible with LG VX5200 . Swivel action allows rotation up to 90 degrees in each direction. Can be attached to your belt, bag strap, etc. Allows easy and quick access to the phone. Color : Black
List Price:
Price: 19.99

LG swings to a loss as TV, phone sales slump

Thursday, October 27th, 2011

LG swings to a loss as TV, phone sales slump
News from CNET:

The Thrill 4G is among the latest wave of smartphones to come out of LG.

(Credit: Roger Cheng/CNET)

LG Electronics swung to a loss in the third quarter as its television and handset businesses suffered a sharp decline in sales.

LG reported a third-quarter loss of 414 billion Korean won ($ 366 million), compared with a year-earlier loss of 8 billion Korean won. Revenue fell 4 percent to 13.4 trillion Korean won ($ 11.8 billion).

The chief culprits came from the handset and television business. LG’s handset business saw declining sales in both its basic phone business, which it has been purposely ratcheting down, as well as its more profitable smartphone business. Unlike other handset manufacturers such as Samsung Electronics or HTC, the company has yet to truly crack the market with a breakout hit smartphone using
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LG Shine CU720 SLV Unlocked Phone with 3G Support, 2 MP Camera and Bluetooth – US Warranty – Silver
The LG Shine weighs 4.28 ounces and measures 3.93 x 1.99 x 0.59 inches. Its 900 mAh lithium-ion battery is rated at up to 3 hours …

LG Posts Wider-Than-Estimated Loss on Phones, Flat-Panel Unit

Wednesday, October 26th, 2011

LG Posts Wider-Than-Estimated Loss on Phones, Flat-Panel Unit
News from BusinessWeek:
October 26, 2011, 4:01 AM EDT

By Jun Yang

Oct. 26 (Bloomberg) — LG Electronics Inc., the world’s third-largest maker of mobile phones, reported a wider-than- estimated quarterly loss as mobile-phone sales missed forecasts and earnings dropped at its flat-panel unit.

LG had a net loss of 414 billion won ($ 367 million) in the three months ended September, it said in a statement today, wider than the 56.1 billion won loss average of eight analysts’ estimates compiled by Bloomberg in the past four weeks. The Seoul-based phone maker had a profit of 7.6 billion won in the third quarter last year.

A record loss at LG Display Co. added to lower sales at the mobile-phone business, which has lost more than 700 billion won in the past year. Chief Executive Officer Koo Bon Joon is introducing 3-D televisions and new models of Optimus smartphones powered by Google Inc.’s Andr…………… continues on BusinessWeek
… Read the full article
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Stereo Handsfree For LG GU295


This handsfree is compatible with the following LG model(s) : LG GU295 Features : Excellent stereo sound for both voice and music. High-quality ear buds, which are comfortable to wear. Send / End button for easy and convenient use. Connects directly to the phone for handsfree operation.
List Price:
Price: 19.99