LG Electronics announced its fourth-quarter and full-year 2016 financial results today and they look good for all the departments except Mobile Communications.
Overall the company reports KRW 14.78 trillion revenue in sales ($12.79 billion) and KRW 1.34 trillion ($1.16 billion) operating profit due to strong performance by home appliances, air solutions and home entertainment. But one product didnít perform well and it was the flagship smartphone LG G5.Source: LG Electronics
The Mobile Communications (MC) division announced 15% QoQ growth due to the strong sales of the LG V20 but it was somewhat expected as that was the holiday quarter. Shipments reached 14.1M units with 4% QoQ growth but 8% decrease on an yearly basis.
The operating margin went from -1.7% in 4Q 2015 to -16.1% in 4Q 2016 on KRW 2.9 trillion ($2.51 billion) of revenue.
Instead of helping them, you might just mess them up even more An Apple engineer deserves even more right than you to lead LG
LG worst company ever! On the mobile side, and appliance side as well! I don't recommend LG AT ALL
Hahaha not surprised at all! With a phone with a bunch of amovible parts.... more interchangeables part more chances to break... and ppl with a 800$+ device nobody want that