LG Mobile Plunges Further In Q4 2017


South Korean manufacturing giant, LG, recently released its complete 2017 financial results. LG recorded revenue of KRW61.4 trillion ($55.4 billion) which represents close to 11% more than 2016 income. The company also recorded a massive profit to the tune of KRW2.47 trillion ($2.24 billion) which even surpasses last year’s earnings. However, its Mobile division is still struggling to make a meaningful impact in the market. It recorded a loss to KRW213.2 billion ($192.33 million) from KRW375.3 billion ($331.37 million) within three months.

LG Mobile had a good holiday season especially with the performance of the V30 and other premium smartphones. But this was not enough to bail its Mobile unit out of its current woes. According to LG, the current losses are as a result of an improved business structure. Recall that the company appointed a new mobile chief a few months ago. Most of LG’s revenue came from the high demand for its OLED and UHD TV products. Other products that also performed well are LG’s TWINWash washing machines and InstaView refrigerators.

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4 Comments

  1. David Martrano
    January 25, 2018

    Let’s put it this way, their TV’S and appliance’s save the day. Their mobile division suffers. The g5 a failure, the g6 an older processer the 821 instead of the 835. If the g7 has the 845 processer it stands a chance without it another failure. The V30, a good phone but only 10% of the market share. They are a very capable OEM but their products needs to innovate something new. In doing so they may be able to compete with the s9 & others!

  2. David Martrano
    January 25, 2018

    Let’s put it this way, their TV’S and appliance’s save the day. Their mobile division suffers. The g5 a failure, the g6 an older processer the 821 instead of the 835. If the g7 has the 845 processer it stands a chance without it another failure. The V30, a good phone but only 10% of the market share. They are a very capable OEM but their products needs to innovate something new. In doing so they may be able to compete with the s9 & others!

  3. Joe Dokes
    January 26, 2018

    They need to sell smaller and cheaper OLED TVs. They could really shake up the market if they did.

  4. Joe Dokes
    January 26, 2018

    They need to sell smaller and cheaper OLED TVs. They could really shake up the market if they did.