LG might ship less than half the number of LG G5 units this year than originally planned
LG had originally figured that it would ship 3 to 3.5 million units of the LG G5 during the second quarter. But the actual number of LG G5 phones delivered in the period will turn out to be 2.5 million, according to Korea's Aju Business Daily. As a result, the company will show a second quarter loss of $110.59 million USD to $112.32 million for its Mobile Communications group. That would actually be an improvement when compared to the $174.5 million USD that the division lost during the same quarter last year.
LG had hoped to ship 12 million units of the LG G5 this year. Instead, the company might end up delivering just 5.5 million units of its flagship phone. The handset faces tough competition as the Samsung Galaxy S7 and Samsung Galaxy S7 edge are estimated to have rung up sales of 26 million units since launching in March. If there is any consolation for LG, it is that HTC is doing even worse. A recent report said that the beleaguered company will struggle to sell 1 million units of its HTC 10 flagship smartphone this year.
The manufacturer is the seventh largest smartphone manufacturer in the world with the company trailing Samsung, Apple, Huawei, Xiaomi, Oppo, and Lenovo.