Life’s Good, Finally – LG Posts Profits From Its Smartphones Sales
LG, the other Korean conglomerate, finally had some good news to report. According to its Q4 earnings report, the Korean has made a profit of about $8.9 Million, so that’s something like coming up on the surface after falling deep down in the sea. That’s a start.
Although the number of devices sold was down, the share of smart-phones increased (which are more profitable), and dumb-phones decreased (less profitable, obviously).
To put it in perspective, it sold 17.7 Million devices in toto, compared to 21.1 Million in the previous quarter. Although that’s a decrease, it benefited from more sales of LTE devices (Optimus LTE, anyone?), and lesser dumb-phones.
Should be irrelevant to most of you out there, anyway, eh. I know, it’s the same for me.