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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 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
… Read the full article
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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 …