LG on track to produce its most profitable quarter in 2 years
posted by Alan F. / Apr 11, 2016, 11:26 AM
Revenue, on the other hand, was down 4.5% on a year-over-year basis to $11.4 billion from last year's $11.9 billion. The company's latest and greatest flagship phone, the LG G5, has just been released this month and won't have any impact on LG's financials until the release of the next quarterly report.
A more complete breakdown of the first quarter will be announced later this month. At that time, we should hear how many handsets LG sold from January through the end of March. During that period, the LG G4 was the manufacturer's flagship smartphone, and the Nexus 5X was still generating revenue.
Posts: 337; Member since: Oct 05, 2015
I would buy an LG flagship like the G5 over Samsung flagship any day! Because of the price...
posted on Apr 11, 2016, 11:32 AM 5
You mean how it's priced 50-100$ higher than S7. Most users tend to pay less for phones, but whatever floats your boat man. Prices depend heavily on country by country basis. For example, Samsung has manufacturing plant in my country making their products quite cheap. On the other hand, LG has to pay the import duty making their phones 30-35% more expensive than other regions. In some countries, the G5 may be cheaper. But even if you take a neutral country(to LG's and Samsung's home country), the G5 costs more. Here are the pricing's of international variants of G5 and S7: http://www.amazon.com/LG-H860N-Snapdragon-Quad-Core-Smartphone/dp/B01DAOZ9GC/ref=s
http://www.amazon.com/Samsung-Galaxy-Unlocked-Phone-International/dp/B01CJU9126/re r=8-1&keywords=G5 f=sr_1_1?s=wireless&ie=UTF8&qi d=1460392968&sr=1-1&keywords=S7
posted on Apr 11, 2016, 11:42 AM 6
Posts: 2531; Member since: Oct 31, 2011
In Canada, the G5 goes for $750, while the S7 goes for $900, so there can be quite a difference. That being said, I did choose an S7 edge over the G5 simply because I saw too many reports of quality control issues with the G5.
posted on Apr 11, 2016, 12:04 PM 0
The G5 is a fugly phone and is a dissapointment. I don't see how LG is posting a profit.
posted on Apr 11, 2016, 11:45 AM 4
Posts: 17131; Member since: Jun 17, 2009
The iPhone 6 and 6s are fugly phones, but Apple posts profits.
posted on Apr 11, 2016, 11:55 AM 13
Posts: 633; Member since: Jul 16, 2015
All the profits of LG comes from the other departments like Display, TV , A/C etc. The Mobile division has been laying EGGS for some time, at least for last one year Mobile revenue is in the negative. By playing too much with G5, and screwing its chances the losses will be huge in the coming quarters.
posted on Apr 11, 2016, 12:28 PM 1
Posts: 177; Member since: Sep 14, 2015
I bought lg g5 over the s7 cause i cant stand amoled screens, after my s4 and s6 burning in by google maps i decided never to buy phones with crapoled screens
posted on Apr 11, 2016, 2:23 PM 0
Posts: 640; Member since: Jun 28, 2014
If this quarter is so profitable, I hope they save those profits as it could be quite awhile until they see more of them. The G5 will not be making them any richer as I see it, and I am very much an LG fan.
posted on Apr 11, 2016, 2:35 PM 0
Posts: 230; Member since: Jun 04, 2014
HA HA HA LG’s mobile is getting its THIRD CONSECUTIVE LOSING QUARTER !!! http://phandroid.com/2016/04/1
posted on Apr 11, 2016, 11:10 PM 0
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