GSMArena.com GSMArena.com

Tip us

888k

156k
74k
1.1m

RSS

Log in

Login

I forgot my password
Sign up
  • Home
  • News
  • Reviews
  • Videos
  • Featured
  • Phone Finder
  • DealsNew
  • Tools
  • Coverage
  • Contact
ADVERTISEMENTS

LG announces another decline in smartphone sales

  • Post your comment
  • Comments (44)

Yordan 30 July 2019

LG Android

Another quarter, another disappointing result for the mobile business at LG Electronics. The company posted its financial report for the past three months and the Mobile Communications Company said sales were down 21.3%, compared with the same period last year. At least they went up 6.8% on a quarterly basis, but the reason for the poor results are the competitors from China and their “aggressive pricing”.

LG announces another decline in smartphone sales

Speaking in numbers, the Q2 2019 sales were KRW1.61 trillion ($1.38 billion), while the operating loss was KRW313 billion ($268.4 million) due to the higher marketing investment to support the launch of new models. The Korean company also started relocating its smartphone production to Vietnam, which was another big expenditure between April and June.

Expectations for the market are missing, but LG remains positive and expects the introduction of competitive mass-tier smartphones and growing demand for 5G products to introduce an improved performance in the third quarter.

The overall financial results for LG Electronics revealed the company is 4.1% up in sales while 15.4% in operating income - the home appliance and business solutions success was not able to offset the small income from home entertainment products and the loss from vehicle components and mobile communications.

Source

Related articles
  • LG to stop manufacturing smartphones in South Korea LG to stop manufacturing smartphones in South Korea
  • LG V30 starts receiving Android Pie update LG V30 starts receiving Android Pie update
  • LG registers M10 name for a new lineup, V60 and V70 too LG registers M10 name for a new lineup, V60 and V70 too
  • LG Harmony 3 leaks with tall screen and Google Assistant button LG Harmony 3 leaks with tall screen and Google Assistant button

Reader comments

  • Livius
  • Lax
  • 04 Aug 2019

Other than the Quad Dac, I don't see another reason why to buy an LG phones considering how poor their batteries and overall quality is plus they bring in Europe the G8s which is not as great as the original G8 and the screen is more inferior plus th...

  • Reply
J
  • Johnny
  • amv
  • 31 Jul 2019

LG like Sony or Sony Ericsson made really interesting designs with unique features in physical form. Both companies have lost their way and wont listen so they should both sink in the ocean! We need a Walkman Phone or Cybershot again. LG needs to bri...

  • Reply
J
  • Jak
  • Srx
  • 31 Jul 2019

Me too

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 44

ADVERTISEMENTS

Phone finder

  • Samsung
  • Apple
  • Huawei
  • Nokia
  • Sony
  • LG
  • HTC
  • Motorola
  • Lenovo
  • Xiaomi
  • Google
  • Honor
  • Oppo
  • Realme
  • OnePlus
  • vivo
  • Meizu
  • BlackBerry
  • Asus
  • Alcatel
  • ZTE
  • Microsoft
  • Vodafone
  • Energizer
  • Cat
  • Sharp
  • Micromax
  • Infinix
  • Ulefone
  • Tecno
  • BLU
  • Acer
  • Wiko
  • Panasonic
  • verykool
  • Plum

All brands Rumor mill

ADVERTISEMENTS

Top 10 by daily interest

  Device Daily hits  
1.Xiaomi Poco F383,699
2.Xiaomi Redmi K40 Pro+41,329
3.Samsung Galaxy A3230,754
4.Xiaomi Redmi K4028,656
5.Oppo F19 Pro+ 5G27,826
6.Samsung Galaxy S21 Ultra 5G26,672
7.Xiaomi Redmi K40 Pro24,862
8.Samsung Galaxy A1224,465
9.Samsung Galaxy F6223,466
10.Xiaomi Mi 1121,446
ADVERTISEMENTS

Home News Reviews Compare Coverage Glossary FAQ RSS feed Youtube Facebook Twitter Instagram

© 2000-2021 GSMArena.com Mobile version Android app Contact us Privacy Terms of use Change Ad Consent Do not sell my data