LG on track to produce its most profitable quarter in 2 years
Revenue, on the other hand, was down 4.5% on a year-over-year basis to $11.4 billion from last year's $11.9 billion. The company's latest and greatest flagship phone, the LG G5, has just been released this month and won't have any impact on LG's financials until the release of the next quarterly report.
A more complete breakdown of the first quarter will be announced later this month. At that time, we should hear how many handsets LG sold from January through the end of March. During that period, the LG G4 was the manufacturer's flagship smartphone, and the Nexus 5X was still generating revenue.