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LG goes back to profitability in Q1 2012

LG goes back to profitability in Q1 2012

Posted: 25 Apr 2012, 03:36, by Victor H.

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LG goes back to profitability in Q1 2012

After two consecutive quarters of losses, LG has finally swung back to profit in the first quarter of 2012. The Korean company reported strong performance of its handset division, but the biggest part of the successful quarter came to improved supply chain management for the company’s TV lineup.

LG posted a net profit of nearly $213 million (KRW 243 billion) in Q1 2012. Other financial results it reported include:

- operating profit of around $396.1 million (KRW 448 billion)

- on revenues of some $10.8 billion (KRW 12.2 trillion)

LG explained that its feature phone business went into decline, but high-end Android phones kept LG afloat in South Korea:

"Although revenue was down due to shipment decline of feature phones, with strong sales of Optimus LTE and Optimus Vu in Korea, smartphone revenue increased," LG explained.

When it comes to next quarter, the company forecasts better demand for its TVs related to the London Olympics, while its phone business is expected to remain flat as "total demand for handsets is not expected to grow fast."

source: LG (PDF) via TheVerge

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1. darktranquillity posted on 25 Apr 2012, 03:53 5 3

Give us good phones with timely updates then your smartphone business won't be flat.

2. u-suck-more posted on 25 Apr 2012, 04:07 4 0

Congrats LG (:

3. simonfrady posted on 25 Apr 2012, 04:40 4 0

just upgrade your all phone to Ice cream .

4. GENARAL.LEVY (banned) posted on 25 Apr 2012, 07:49 1 0

Right.

5. mercorp posted on 25 Apr 2012, 08:19 3 4

Those profits came from their tv and non handphone tuition. lg builds smartphones that are rip-offs of samsung.they were simply lucky to make a profit.
the galaxy s3 will screw the 4x up.

6. u-suck-more posted on 25 Apr 2012, 08:31 4 2

sour grapes.
LG smartphone revenue more than tripled in case u cant read.
and let us rmb, Samsung copies Apple which copies LG, so yea.. LG doesnt copy Samsung

7. khanmhsn posted on 25 Apr 2012, 08:43 2 1

maww.come on man samsung copies LG!!?....optimus vu was released after galaxy note.....and is a total flop.

8. u-suck-more posted on 26 Apr 2012, 03:21 0 0

I never said Samsung copies LG. Please learn to read properly.. The Optimus Vu is different from the note esp in its design. And the Note, is a copy of the Dell Streak. And in case u can't read again, the article said 'success of Optimus LTE and Optimus Vu' so it isn't a flop

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- Announced: 14 Mar 2013
- OS: Android 4.2.2
- Hardware: Quad core, 1900 MHz, Krait 300, 2048 MB RAM
- Display: 5.0 inches, 1080 x 1920 pixels, Capacitive Touchscreen
- Camera 13 megapixels, 1920x1080 (1080p HD) video
- Technology: GSM (850 900 1800 1900)
- Data: LTE Cat3 Downlink 100 Mbit/s LTE Cat3/4 Uplink 50 Mbit/s HSDPA+ (4G) 42.2 Mbit/s HSUPA 5.76 Mbit/s UMTS EDGE GPRS
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- Hardware: Dual core, 1300 MHz, Apple Swift, 1016 MB RAM
- Display: 4.0 inches, 640 x 1136 pixels, Capacitive Touchscreen
- Camera 8 megapixels, 1920x1080 (1080p HD) video
- Technology: GSM (850 900 1800 1900), CDMA (800 1700/2100 1900)
- Data: LTE Cat3 Downlink 100 Mbit/s HSDPA+ (4G) 42.2 Mbit/s UMTS EDGE GPRS EV-DO Rev.A EV-DO Rev.B
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- Hardware: Quad core, 1600 MHz, ARM Cortex-A9, 2048 MB RAM
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- Camera 8 megapixels, 1920x1080 (1080p HD) video
- Battery: 35 hours of Talk Time, 980 hours of Stand-by
- Technology: GSM (850 900 1800 1900)
- Data: LTE Cat3 Downlink 100 Mbit/s LTE Cat3/4 Uplink 50 Mbit/s HSDPA+ (4G) 21.1 Mbit/s HSUPA 5.76 Mbit/s UMTS EDGE GPRS
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- Hardware: Quad core, 1700 MHz, Krait 300, 2048 MB RAM
- Display: 4.7 inches, 1080 x 1920 pixels, Capacitive Touchscreen
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- Technology: GSM (850 900 1800 1900), CDMA (800 1900)
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- Camera 13.1 megapixels, 1920x1080 (1080p HD) video
- Battery: 11 hours of Talk Time, 550 hours of Stand-by
- Technology: GSM (850 900 1800 1900)
- Data: LTE Cat3 Downlink 100 Mbit/s LTE Cat3/4 Uplink 50 Mbit/s HSDPA+ (4G) 42.2 Mbit/s HSUPA 5.76 Mbit/s UMTS EDGE GPRS
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- Announced: 29 Oct 2012
- OS: Android 4.2.2 4.2.1 4.2
- Hardware: Quad core, 1500 MHz, Krait, 2048 MB RAM
- Display: 4.7 inches, 768 x 1280 pixels, Capacitive Touchscreen
- Camera 8 megapixels, 1920x1080 (1080p HD) video
- Battery: 15.3 hours of Talk Time, 390 hours of Stand-by
- Technology: GSM (850 900 1800 1900)
- Data: HSDPA+ (4G) 42.2 Mbit/s HSUPA 5.76 Mbit/s UMTS EDGE GPRS
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- OS: Android 4.1.2 4.0.4
- Hardware: Quad core, 1500 MHz, Krait, 2048 MB RAM
- Display: 4.7 inches, 768 x 1280 pixels, Capacitive Touchscreen
- Camera 13 megapixels, 1920x1080 (1080p HD) video
- Battery: 15 hours of Talk Time, 335 hours of Stand-by
- Technology: GSM (850 900 1800 1900)
- Data: LTE HSPA (unspecified) UMTS EDGE GPRS
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- Announced: 05 Sep 2012
- OS: Windows Phone 8
- Hardware: Dual core, 1500 MHz, Krait, 1024 MB RAM
- Display: 4.5 inches, 768 x 1280 pixels, Capacitive Touchscreen
- Camera 8.7 megapixels, 1920x1080 (1080p HD) video
- Battery: 17 hours of Talk Time, 400 hours of Stand-by
- Technology: GSM (850 900 1800 1900)
- Data: LTE Cat3 Downlink 100 Mbit/s LTE Cat3/4 Uplink 50 Mbit/s HSDPA+ (4G) 42.2 Mbit/s HSUPA 5.76 Mbit/s UMTS EDGE GPRS

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LG goes back to profitability in Q1 2012

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8 Comments Follow Following

1. darktranquillity posted on 25 Apr 2012, 03:53 5 3

2. u-suck-more posted on 25 Apr 2012, 04:07 4 0

3. simonfrady posted on 25 Apr 2012, 04:40 4 0

4. GENARAL.LEVY (banned) posted on 25 Apr 2012, 07:49 1 0

5. mercorp posted on 25 Apr 2012, 08:19 3 4

6. u-suck-more posted on 25 Apr 2012, 08:31 4 2

7. khanmhsn posted on 25 Apr 2012, 08:43 2 1

8. u-suck-more posted on 26 Apr 2012, 03:21 0 0

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