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Hi-Tech / Hardware

The issue of budget smartphones ruined LG

Ferra.ru 25.10.2018 at 12:07

Analytical reviews of computers and accessories, news and prices computer market.

LG Electronics reported financial results for the third quarter of 2018. The company received total sales 13.76 billion and an operating profit 667,7 million Is the highest net profit among the three quarters of the current year and 45% higher compared to the result of the same quarter last year.

According to the manufacturer, its mobile division has significantly reduced the losses. Yes, that's right, mobile LG unprofitable direction. Reduction of damages, the company shall deduct on a new strategy in which she refused from budget models and focused on the middle class and the flagship.

the Mobile unit received during the quarter, income from sales of 1.82 billion, and operating loss amounted to 130,5 million dollars. In the fourth quarter, the company lays great hopes on the new flagship smartphone LG ThinQ V40.