The LG G5 surprised everyone when the Korean company arrived with its modular appearance. A capacity that was on par with other phones that have tried to go modular to demonstrate another way of building a smartphone. What happens is that the modular aspect not given enough strength so that today we could talk about the fact that the Korean manufacturer has collected positive figures in sales, just the opposite of what happened.
LG Mobile today published their worst semester data thanks to the failure of the modular LG G5. The third quarter of 2016 represents the sixth in a row in losses for LG Mobile, even as the TV division has posted a record profit.
LG Electronics Announced Semi-Annual Revenue of $ 11.800 Billion and Operating Income of $ 252,7 Million; this is one 5,7 percent decrease and 3,7 percent respectively, if compared to that obtained last year.
LG Mobile sales have fallen by 23 percent from the same period in 2015, with the worst sales of premium devices related to the business structure of improvement and innovation activities, contributing to a record loss of $ 389,4 million on that 2.300 billion of revenue.
Of course, LG has been able to distribute up to 13,5 million devices in the quarter and has seen how its sales have grown in North America with 14 percent compared to the previous one. The LG V20 could turn out to be a great value for the company by the end of the year, aside from having K and X series sales.
But it is thanks to the sales of televisions, with which LG Mobile can remain in fleet. LG Home Enternainment has recorded your biggest profit ever with 3.700 million in sales generating profits of 340,4 million dollars.
And it is that LG hopes that the fourth quarter of the year is worse than what was obtained in the third, so it could almost be said that LG managers hold on well to their armchairs.