LG shrinks losses because of robust TV gross sales, guarantees new flagship telephone subsequent month
LG doubled its income within the final yr — and it is thanking an obvious growth in HDTV gross sales, not its cellular wares. From October to December 2013, the corporate made an working revenue of $220 million (238 billion gained), greater than doubling the working revenue from its TV vary, however noticed a internet loss for the quarter of $fifty nine million (sixty four billion gained). In the meantime, cellular (together with each smartphones and the corporate’s return to tablets) went from revenue maker to loss maker within the area of a yr, with an working loss in This fall 2013 of $forty million (forty three billion gained). That working loss has been partly blamed on advertising spending, with LG promoting extra aggressively for flagship telephones just like the LG G2 and the G Flex within the final 12 months. LG’s quarterly smartphone unit gross sales totaled thirteen.2 million models: greater than a 50 % improve from the identical interval final yr.
The corporate has additionally introduced that it will have a brand new G Professional mannequin, the G Professional 2, so as to add to the flagship lineup in February — presumably prepared for when MWC 2014 kicks off in Barcelona — though it isn’t specifying, nicely, something concerning the new smartphone but. LG additionally expects 2014 to be the yr of OLED (though not versatile ones ), with the nascent display tech turning into its “essential progress driver” in TV and changing LED units within the course of.
- Key specs
- <a href=”http://www.engadget.com/merchandise/lg/optimus/g/professional-5-5-inch/” title=”LG Optimus G Professional 5.5-inch evaluations” goal=”_blank”> Critiques • 6 </a>
- Sort Smartphone
- Working system Android (Jelly Bean [4.1])
- Display measurement 5.5 inches
- Inner reminiscence 32 GB
- Carriers (US) AT&T
- Dimensions 5.ninety one x three x zero.37 in
- Weight 6.14 oz
- Launched 2013-05-10