x PhoneArena is looking for new authors! To view all available positions, click here.
  • Home
  • News
  • LG goes back to profitability in Q1 2012

LG goes back to profitability in Q1 2012

Posted: , by Victor H.

Tags:

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

8 Comments
  • Options
    Close




posted on 25 Apr 2012, 03:53 5

1. darktranquillity (Posts: 284; Member since: 28 Feb 2012)


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

posted on 25 Apr 2012, 04:07 4

2. u-suck-more (Posts: 529; Member since: 26 Aug 2011)


Congrats LG (:

posted on 25 Apr 2012, 04:40 4

3. simonfrady (Posts: 25; Member since: 26 Dec 2011)


just upgrade your all phone to Ice cream .

posted on 25 Apr 2012, 07:49 1

4. GENARAL.LEVY (banned) (Posts: 93; Member since: 17 Apr 2012)


Right.

posted on 25 Apr 2012, 08:19 3

5. mercorp (Posts: 967; Member since: 28 Jan 2012)


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.

posted on 25 Apr 2012, 08:31 4

6. u-suck-more (Posts: 529; Member since: 26 Aug 2011)


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

posted on 25 Apr 2012, 08:43 2

7. khanmhsn (Posts: 25; Member since: 11 Apr 2012)


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

posted on 26 Apr 2012, 03:21

8. u-suck-more (Posts: 529; Member since: 26 Aug 2011)


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

Want to comment? Please login or register.

Latest stories