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LG posts Q2 mobile loss as G5 fails to sell

2016-07-28 07:42:00| Telecompaper Headlines

(Telecompaper) LG Electronics reported profits under pressure in the second quarter, led by losses at its mobile division as its latest flagship smartphone failed to sell enough. Revenues were up 0.6 percent year-on-year to KRW 14.00 trillion, as growth in its other divisions helped offset the weak performance in mobile. Operating profit dropped to KRW 584.6 billon from KRW 505.2 billion a year ago, while lower financial and one-time costs helped net profit rise to KRW 268.5 billion from KRW 198.1 billion. Mobile revenues fell 6 percent year-on-year to KRW 3.33 trillion, as smartphone shipments dropped 1 percent over the same period to 13.9 million. LG said it generated some KRW 150 billion in operating losses due to the increased marketing expense for the launch of its flagship G5, but the phone has to date sold less than hoped.

Tags: to posts mobile sell

 

'Water-resistant' Samsung Galaxy S7 Active fails test

2016-07-11 15:12:55| BBC News | Business | UK Edition

A Samsung smartphone marketed as water-resistant has failed underwater tests by a leading product review site.

Tags: test active samsung fails

 
 

Strong US dollar fails to hamper Californian wine volumes - figures

2016-07-11 14:19:00| Daily beverage news and comment - from just-drinks.com

Californian wine volumes in 2015 increased for the third year in a row despite a strong US dollar intensifying overseas competition.

Tags: strong figures wine dollar

 

REA: New fossil power fails to deliver as biomass, renewable can

2016-07-08 12:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Biomass Magazine: REA: New fossil generation fails to deliver as biomass, renewables do the United Kingdom Department of Energy and Climate Change set out the framework for the next Capacity Market auctions, including how much capacity to procure. The Capacity Market aims to "keep the lights on' by paying new and existing generators to provide electricity at times of high demand. DECC's data revealed that 5 GW of conventional, fossil fuel-powered generation that were awarded earlier contracts under the scheme...

Tags: can power deliver fails

 

Blind study fails to support climate change deniers

2016-07-06 06:15:00| Climate Ark Climate Change & Global Warming Newsfeed

PhysOrg: Following Saturday's Australian federal election, Ms Hanson said her One Nation Party colleague Malcolm Roberts had "all the answers to this climate change BS we are being fed". University of Queensland School of Psychology researcher Dr Timothy Ballard recently completed a study that translated climate change trends into economics and demographics. "For instance, we took the figures for the shrinkage of Arctic Sea ice and turned it into a profit statement of the fictitious Supreme Widget Corporation,"...

Tags: support change study blind

 

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