LG's handset division reports $47 million profit for 2012
0. phoneArena 30 Jan 2013, 01:16 posted on
LG reported its fiscal fourth-quarter and annual earnings for 2012 and while the company did turn a profit of $80.75 million for the year, it took a large loss in the fourth quarter thanks to a one time charge related to pricing of cathode-ray tubes in the EU; handset revenue was led by the higher fourth quarter sales seen foir premium LTE handsets like the LG Optimus G...
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1. flower99 (banned) (Posts: 54; Member since: 18 Nov 2012)
i think revenue will increase more if nexus 4 manage the production well, but dont know about profit tho
9. Kuherrn (Posts: 16; Member since: 09 Nov 2012)
Lg cannot mass produce the Nexus 4 because then it would be fierce competition with the other OEM's. Remember that Google is also heavily subsidizing the price and with the bang-for-buck value, all the other OEM's phone will have to share the limelight with the Nexus 4. If that were too happen, Google is going to have a bitter relationship with the OEM's. That's why the Nexus 4 keeps going out of stock. That's why you don't get the 300$ price point everywhere and that's why the phone is not being sold yet in my country...
11. jroc74 (Posts: 5986; Member since: 30 Dec 2010)
I seriously dont think there's stocking issues because Google wants to make the other OEM's happy. If they did that on purpose.....how do you think that would make LG feel? They're running a business too.
The Nexus brand being popular works out better for Google. Making the manufacture of that phone happy works out better for Google.
With the rumors about the Moto X being sold thru the Play Store.....you really think they are gonna play this game with that phone? It wont be a Nexus I hear....but it is supposed to have the price point.
2. Nathan_ingx (Posts: 3606; Member since: 07 Mar 2012)
I think the Optimus G and Nexus 4 did LG some good.
3. wendygarett (unregistered)
My country doesn't offer optimus g but cost $500 on nexus 4 16gb...
what about yours? :)
7. rusticguy (Posts: 2828; Member since: 11 Aug 2012)
$600+ for Nexus4 16GB with only seller warranty in India.
8. wendygarett (unregistered)
Ok thanks :)
4. tiara6918 (Posts: 2018; Member since: 26 Apr 2012)
I wasn't expecting for the lg optimus vu2 to sell well do to that width, anyways I really think lg did a great job with the optimus g and nexus 4!
5. richardyarrell2011 (banned) (Posts: 510; Member since: 16 Mar 2011)
Lg Optimus G and Lg Nexus 4 is pretty soft. Samsung owns this space period.
6. cezarepc (Posts: 714; Member since: 23 Nov 2012)
.....you forgot to mention how powerful your G-Note 2 is.
12. R-vjn (Posts: 177; Member since: 07 Jan 2013)
can't swallow the fact that LG is doing well huh???
Its the fact deat with it friend..! And don't underestimate the Optimus G & the N4, they are the snappiest android devices you can actually find in the market..!
10. jroc74 (Posts: 5986; Member since: 30 Dec 2010)
Nice work LG. See.....Samsung isnt the only one making a profit. Might not be as much compared to Samsung....but its something.