Tuesday, November 9, 2010

LG Electronics Quarterly Profits Plunge by 99%

Sales were down by two percent to KRW 13.4 trillion (USD 11.3 billion). LG Mobile Communications revenues decreased by 30 percent year-over-year as a follow-up of a run out of gas in handset shipments across developed markets. The gathering shipped 28.4 million handsets in the quarter, reflecting a 32 percent slope in sales year-over-year.



The far-reaching introduction of the Optimus One smartphone and brand-new Windows Phone 7 models are expected to create a indisputable feedback from consumers in the coming months. The establishment said that it will concentration on strengthening profitability through forceful expense in-novation and investment board for the long-term.

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