LG’s telephone gross sales are approach up, however killing plasma TVs had a price

LG's phone sales are way up, but killing plasma TVs had a cost

LG continues to be trailing Samsung and Apple in complete smartphone gross sales (and income from them), however the firm simply revealed its monetary knowledge for the final yr and has lots to be glad about. It bought fifty nine.1 million smartphones final yr, up almost 1 / 4 from what it moved in 2013. The report did not clarify once we can anticipate the G Flex 2 within the US or leak what’s within the subsequent massive G collection telephone, however stated the corporate will “consider enhancing its model energy, working extra effectively, and specializing in selective key markets.” Its TV enterprise is doing nicely too, the place income grew 31 % from final yr to $482 million. Nonetheless, the corporate had a internet loss within the final quarter of 2014 due to write-offs associated to shutting down its plasma TV enterprise because it ramps up Extremely HD and OLED.

Supply: LG

Extra Protection: Reuters

Tags: 2014, earnings, financials, hdpostcross, lg, mobilepostcross, q42014

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