LG sees its future in smartphones and automobiles

LG sees its future in smartphones and cars

For those who needed to summarize LG’s monetary well being in a number of seconds, you possibly can simply shrug and say “life’s good.” That is as a result of the Korean firm is among the few within the know-how business proper now that is truly making an honest revenue from the hardware it sells. Within the final three months, the corporate managed to get 15.four million smartphones out the door, largely as a consequence of the truth that LG telephones are getting extra well-liked within the US. It will not be an thrilling factor to write down about, however the firm’s white items arm additionally introduced residence a sizeable chunk of money.

On the house leisure aspect, the corporate noticed a dip in income that it is blaming on trade charges, to not point out the truth that not too many individuals purchase a TV in January. That’s, nevertheless, not probably the most fascinating tidbit that may be gleaned from the doc, which concern LG’s plans within the automotive area.

LG Car Elements was a brand new division based in July 2013, however that is the primary time that its actions have been publicly mentioned by the corporate. Proper now, the unit is not making any cash — the truth is, it misplaced $2.18 million — however executives consider that, as demand for sensible and electrical automobiles will increase, it’s going to develop into an enormous earner. When you weren’t already satisfied that the tech business is about to revolutionize transportation, maybe the truth that Google, Tesla, Apple, Tencent, Baidu and LG are all now working within the area will change your thoughts.

[Image Credit: AFP/Getty]

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<a href=”http://www.engadget.com/merchandise/lg/g-flex/2/”> LG G Flex 2 </a>

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