MobileTechReview.com logo
MobileTechReview News, Reviews and Forums
Phone Notebooks & Tablets Gaming Gadgets iPhone & iPad Video Reviews


General Discussions >> News

Pages: 1
Tong ZhangModerator
Senior Editor
****

Reged: 06/26/02
Posts: 12753
Loc: Texas
LG Reports Strong Quarterly Numbers, Mobile Phone Sales Up
      #33124 - 04/21/09 09:34 AM

LG Electronics announced unaudited consolidated earnings results of the three-month period ending March 31, 2009. In the first quarter of 2009, sales on a global basis including LG's overseas subsidiaries soared 14.6% to USD 9.12 billion year-on-year. Operating profit saw USD 324 million resulting in a margin of 3.5%, 2.8% point higher than the previous quarter. On a parent basis, the company recorded sales of USD 5.02 billion, an operating profit of USD 310 million. Consolidated sales including affiliates rose 10.7% to USD 11.28 billion with operating profit of USD 83 million, for a margin of 0.7%, 1.5% point higher than a year earlier.

The Mobile Communications Company reported USD 3.02 billion)in sales, 16.8% higher than the previous year, and operating profit of USD 181 million with a margin of 6.0%. Handset sales accounted for USD 2.78 billion, up 22.6% YoY and operating profit saw USD 187 million at a margin of 6.7%. Sales remained strong in mid-tier models such as Cookie, a full touch screen phone, and LG-KS360, a QWERTY keypad messaging phone, among others. Shipments of handsets recorded a decline of 7% YoY and 12% QoQ to 22.6 million units due to seasonal effect and the global market contraction. With the global economic downturn expected to continue, LG sees the global market declining over 10% YoY to around 260 million in the second quarter. LG is targeting over 10% growth QoQ by focusing on high-tier, feature-rich products such as Arena, with a new S-Class UI, messaging phones such as Xenon and Neon, Viewty Smart, an 8 megapixel camera phone and GD900, with a transparent keypad.




-----------------------------------------------------

To read our latest phone reviews please visit:

LG Xenon
Nokia E63
LG Rumor 2 for Sprint
Palm Treo Pro for Sprint
LG Versa for Verizon
Samsung Memoir for T-Mobile
Pantech Matrix Pro C820
T-Mobile Shaddow 2 Windows Mobile Smartphone
BlackBerry Curve 8900 Smartphones
Nokia 7510 for T-Mobile




More News. . .




-----
MTR News


Post Extras: Print Post   Remind Me!   Notify Moderator  
Pages: 1



Extra information
0 registered and 49 anonymous users are browsing this forum.

Moderator:  Tong Zhang, LisaG, News, Jacob_Spindel 

Print Topic

Forum Permissions
      You cannot start new topics
      You cannot reply to topics
      HTML is enabled
      UBBCode is enabled

Rating:
Topic views: 2994

Rate this topic

Jump to

Contact the Folks at MobileTechReview.com | Privacy statement Go to mobiletechreview.com homepage

Powered by UBB.threads™ 6.5.5