LG released a decent second quarter with a net profit of 99.6 million $, but mobile Division of the company continues to lose money. There are many signs of hope for the business unit mobile though.
The company said in its press release:
LG mobile communications company reported a 11.6% increase in sales in the second quarter compared with the previous quarter to KRW 3.25 trillion (USD 3.0 billion). During the recording at a loss of KRW-54 billion ($ 49.8 million), operating income showed strong improvement, reduction of losses from the previous quarter by almost half. The company continues to strengthen its global competitiveness through the introduction, a mixture of competition of smartphones and its ongoing investment in R & D.
Revenue growth is a good sign, such as mobile, business cash for the past few quarters was bleeding. After years of shipping from mediocre device LG really has a focus on the production of some high end smartphones, and it was very impressive.
Optimus 2 X or T-Mobile G2x (in the United States) is an awesome phone it is smooth, powerful, and is still one of the best devices on the market, although it has been for a few months. Optimus-3D was one of the first 3D glasses free phones on the market come, and when it lands AT & T in the United States as the 3D thrills, it should be a lot of units sell, due to the their $99 price tag.
We wait still for the next crop of LG smartphones, so let us see if it can keep its strong stripes and reflect this in his next quarter result.
[Via LG, photo credit: LGEPR]
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