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LG smartphone shipments soar 26% to 15.4 mln in Q1
2015-04-29 08:40:00| Telecompaper Headlines
(Telecompaper) LG Electronics announced a net profit of KRW 38.4 billion in the first quarter, up 0.3 percent from the year before but rising significantly from the loss of over 205 million reported in the fourth quarter. The operating profit lifted 2.2 percent from the year earlier to KRW 305.2 billion. Revenues were virtually unchanged at KRW 13.99 trillion, with soaring smartphone sales offset by modest revenue declines in TVs. LG's mobile division recorded its highest first-quarter revenues since introducing its first Android device in 2010, with shipments rising 26 percent year-on-year to 15.4 million smartphones. Revenues advanced 5 percent to KRW 3.6 trillion and operation profit margins improved both quarter-over-quarter and year-over-year. Sales in North America jumped 66 percent from the year before, while sales in Korea grew 57 percent from the previous quarter with the introduction of the G Flex2 premium smartphone with Plastic-OLED display. The launch of the LG G4 in the second quarter is expected to strengthen the company's presence in the premium smartphone segment and further improve profitability.
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Smartphone shipments to hit 2bn in 2019
2015-04-15 02:00:00| Total Telecom industry news
Sales in Western Europe, North America will peak in 2017, analyst firm predicts.
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smartphone
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2bn
Global Smartphone Shipments Exceeded 1.2 Billion In 2014; Apple Closes In On Samsung In Q4 2014
2015-01-30 04:20:05| rfglobalnet News Articles
Leading mobile analyst firm Juniper Research estimates that the number of smartphone shipments exceeded 375m in Q4 2014, with an annual total of over 1.2 billion smartphones shipped for 2014, representing a 29% y-o-y growth.
Global Smartphone Shipments Exceeded 1.2 Billion In 2014; Apple Closes In On Samsung In Q4 2014
2015-01-30 04:20:05| wirelessdesignonline News Articles
Leading mobile analyst firm Juniper Research estimates that the number of smartphone shipments exceeded 375m in Q4 2014, with an annual total of over 1.2 billion smartphones shipped for 2014, representing a 29% y-o-y growth.
LG grows smartphone shipments 18% in Q4
2015-01-29 08:29:00| Telecompaper Headlines
(Telecompaper) LG Electronics announced a net loss of KRW 205.7 billion (USD 189.4 million) for the fourth quarter, hurt by a write-off for the closure of its plasma TV operations. Operating profit was still up 28 percent year-on-year to KRW 275.1 billion, and revenues rose 4.9 percent to KRW 15.27 trillion, driven by strong growth in smartphone shipments. The mobile division recorded sales up 5 percent year-on-year to KRW 3.78 trillion, and smartphone shipments rose 18 percent to 15.6 million. Shipments to North America jumped 78 percent year-on-year, while LG's home market Korea was weaker due to reforms in handset subsidy regulations. LG's operating margin fell to 1.8 percent compared to 3.9 percent in Q3 due to the weak Korean market, lower ASPs due to intense competition and unfavourable currency movements. Compared to a year earlier, the mobile operating result improved to a profit of KRW 67.4 billion from a loss of KRW 43.4 billion. The company expects the smartphone market to continue to grow, but competition to gain market share in all regions will also intensify, with strong product line-ups from global players. LG said it will focus on improving profitability, led by a focus on premium models and concentrating on more selective markets.
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