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July 25, 2012 07:41 pm GMT
LG has been turning a corner of late, getting its mobile division out of a six-quarter-long rut. Today's Q2 report outlines a 46 percent increase in net profits year-over-year at $138 million, though phone sales continue to be an obstacle.Overall revenues went up from last quarter, but are still down from a year ago. The handset division in particular had an operating loss of $49.5 million, which has a lot to do with the decline in feature phone sales. Smartphone sales, on the other hand, rose to 44 percent of all units sold, which is up from Q1's 36 percent.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/AHRXZAKYy18/
LGs Q2 2012 Earnings: $138M In Net Profits, Up 46% YOY, Phone Sales Still Lagging
LG has been turning a corner of late, getting its mobile division out of a six-quarter-long rut. Today's Q2 report outlines a 46 percent increase in net profits year-over-year at $138 million, though phone sales continue to be an obstacle.Overall revenues went up from last quarter, but are still down from a year ago. The handset division in particular had an operating loss of $49.5 million, which has a lot to do with the decline in feature phone sales. Smartphone sales, on the other hand, rose to 44 percent of all units sold, which is up from Q1's 36 percent.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/AHRXZAKYy18/
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