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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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posted on 30 Jan 2013, 01:24 2

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

posted on 30 Jan 2013, 06:36

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...

posted on 30 Jan 2013, 07:10

11. jroc74 (Posts: 5967; 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 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 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.

posted on 30 Jan 2013, 01:40 4

2. Nathan_ingx (Posts: 3586; Member since: 07 Mar 2012)

I think the Optimus G and Nexus 4 did LG some good.

posted on 30 Jan 2013, 01:42

3. wendygarett (unregistered)

My country doesn't offer optimus g but cost $500 on nexus 4 16gb...

what about yours? :)

posted on 30 Jan 2013, 03:30

7. rusticguy (Posts: 2828; Member since: 11 Aug 2012)

$600+ for Nexus4 16GB with only seller warranty in India.

posted on 30 Jan 2013, 03:50

8. wendygarett (unregistered)

Ok thanks :)

posted on 30 Jan 2013, 01:47 1

4. tiara6918 (Posts: 2014; 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!

posted on 30 Jan 2013, 02:07

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.

posted on 30 Jan 2013, 02:14 2

6. cezarepc (Posts: 714; Member since: 23 Nov 2012) forgot to mention how powerful your G-Note 2 is.

posted on 30 Jan 2013, 07:46

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..!

posted on 30 Jan 2013, 07:00

10. jroc74 (Posts: 5967; 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.

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