Notification Center

This is our new notification center. Inside, you will find updates on the most important things happening right now.

Notifications

Hmm, push notifications seem to be disabled in your browser. You can enable them from the 'Settings' icon in the URL bar of your browser.

www.phonearena.com
Black Friday deals
Catch limited-time Black Friday deals on tech before they are gone!

LG reports a Q3 annual sales decline of 23% for its mobile communications division

24
LG reports a Q3 annual sales decline of 23% for its mobile communications division
LG released its third quarter earnings today. Like Samsung, LG is a widely diversified company based in South Korea, and smartphone manufacturing is just a single part of it. LG Mobile Communications Company, the division that includes smartphones, reported third quarter revenue of $2.3 billion USD during the three month period. That is a 23% decline in sales year-over-year.

The Mobile Communications division also reported an operating loss of $389.4 million USD for the third quarter, due to lower sales of premium devices. 13.5 million smartphones were shipped by LG from July through September. During that period, North American sales rose 14% sequentially from the second quarter.

For the current three month period that ends in December, LG says that it is focusing on the LG V20 along with handsets in the "K" and "X" series. LG also plans on finalizing changes to the structure of the division to help it better cope for whatever the future brings. The company is expected to benefit from the demise of the Samsung Galaxy Note 7 as the LG V20 would seem to be a good choice for those exchanging their recalled Galaxy Note 7 unit for a new handset.


source: LG

New reasons to get excited every week

Get the most important news, reviews and deals in mobile tech delivered straight to your inbox

HOT Black Friday Deals

Samsung Galaxy Z Fold 3

$1549 99
$1949 98
Buy at Samsung

Samsung Galaxy Z Flip 3

$499 99 /mo
$999 99
Buy at BestBuy
Discover more deals

Related phones

LG V20 specs
  • Display 5.7 inches 2560 x 1440 pixels
  • Camera 16 MP (Dual camera) 5 MP front
  • Hardware Qualcomm Snapdragon 820 4GB RAM
  • Storage 64GB, microSDXC
  • Battery 3200 mAh
  • OS Android 8.0 Oreo LG UX UI
LG G5 specs
  • Display 5.3 inches 2560 x 1440 pixels
  • Camera 16 MP (Dual camera) 8 MP front
  • Hardware Qualcomm Snapdragon 820 4GB RAM
  • Storage 32GB, microSDXC
  • Battery 2800 mAh
  • OS Android 8.0 Oreo LG UX UI

Latest News

FCC OKs Cingular\'s purchase of AT&T Wireless