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


General Discussions >> News

Tong ZhangModerator
Senior Editor
****

Reged: 06/26/02
Posts: 12534
Loc: Texas
LG Reports Smartphone Growth in Q4 2012
      02/01/13 10:11 AM

LG reported consolidated revenues of KRW 50.96 trillion (USD 45.22 billion) and a net profit of KRW 91 billion (USD 80.75 million) for full-year 2012. Despite a 6 percent revenue decrease from 2011, operating profits increased significantly in 2012 to KRW 1.14 trillion USD 1.01 billion) from KRW 379 billion (USD 342.06 million) in full-year 2011.

The LG Mobile Communications Company reported a 7 percent unit increase quarter-on-quarter in mobile handset shipments to 15.4 million with more than half of the units coming from smartphones. Smartphone shipments grew 23 percent compared to the previous quarter, increasing to 8.6 million devices from the 7 million in the third quarter. Fourth quarter revenues were the highest of the year, growing 15 percent to KRW 2.81 trillion (USD 2.58 billion) quarter-on-quarter. Sales of premium LTE smartphones such as Optimus G and Vu:2 increased in the fourth quarter, as did the L-series and Google Nexus 4. With more European and emerging markets introducing LTE services this year, LG plans to increase smartphone revenues and market share by launching follow-up devices to Optimus G and the L-series as well as the new F-series.

Check out our LG device reviews:
http://www.mobiletechreview.com/LG-phone-reviews.htm










-----
MTR News

Post Extras Print Post   Remind Me!     Notify Moderator


Entire topic
Subject Posted by Posted on
* LG Reports Smartphone Growth in Q4 2012 Tong ZhangModerator 02/01/13 10:11 AM

Extra information
0 registered and 63 anonymous users are browsing this forum.

Moderator:  Tong Zhang, LisaG, News, Jacob_Spindel 



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

Rating:
Thread views: 4124

Rate this thread

Jump to

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

Powered by UBB.threads™ 6.5.5