LG finally earns some money from smartphones, still posts a net loss

LG logoLG posted its financial report on Q4 and full 2011 and things aren't looking particularly healthy for the Korean giant. The company did better in the holiday season then in either Q3 2011 or Q4 2010, but it still lost money and that doesn't qualify as a good performance.

The good news is that the handset division has made a small operating profit. 10 billion KRW is not much (it adds up to about $8.9 million), but it's still better than a loss and a sign that the LTE gamble is paying off.

LG put most of their eggs in the LG Optimus LTE basket (and its many carrier-specific version) and that obviously turned out enough to drag the mobile business back in the black. Unfortunately for the Koreans, the LTE market is bound to become more and more crowded, so they will need some extra effort to keep their strong position there.

In Q4 LG shipped 17.7 million phones, which is a decrease compared to Q3, but the increased share of smartphone meant that those sales actually brought in more cash. The company hopes to continue that trend as the LTE markets expand and will keep the 4G network support as the focal point of the development of their portfolio.

Follow the source link below to find out the full breakdown of the last financial quarter and the complete 2011 of LG.

Source: GSMArena

Tags: LG, LTE, mobile phones, report

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

A mobile hotspot in Australia will be capable of hitting gigabit speeds on the go
A new game could be in the works as Blizzard appears to have been hiring for a Diablo-related project
Nokia CEO Rajeev Suri will speak at MWC 2017
However what if you could go way, way back?
The Helio P15 packs an octa-core Cortex-A53 processor clocked at 2.2GHz
Samsung claims up to 27-percent higher performance or 40-percent lower power
Preliminary data for October shows another Windows 10 boom
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
HP Slate 7 is a 7-inch Android 4 Tablet PC with good sound
A cost-effective, 7-inch tablet PC from a renowned manufacturer
October 25, 2013 / 4

News Archive



Do you use microSD card with your phone?
or leave your own version in comments