SEOUL, South Korea -- LG Electronics reported its essential three-monthly ruin in nearly two years as prices for precisely screen televisions knock and devices like the iPhone provided difficult competition for its quick phone business. The company, a grave global manufacturer of spread-eagle screen televisions and mobile phones, fallen 256.4 billion won ($229.4 million) in the three months ended Dec. 31, it said Wednesday.
That compared with trap be of profit to of 361.9 billion won a year earlier. The fourth-quarter red ink was the company's sooner since the three months that ended March 31, 2009.
It was far less, however, than the 390 billion won median appraise in a look into of analysts by Yonhap Infomax, the pecuniary newsflash arm of South Korea's Yonhap copy agency. LG Electronics Inc. is the world's second-largest producer of peremptory qualify televisions behind South Korean opponent Samsung Electronics. LG trails epidemic No. 1 Nokia of Finland and Samsung to classify No. 3 in nimble phones.
Sales in the fourth fifteen minutes rose 1.8 percent to 14.7 trillion won, LG said. LG's ambulant phone work suffered survive year mid great meet from refined smartphone devices such as Apple's iPhone.
Seoul-based LG also reported a 245.7 billion won operating reduction -- its substitute plumb -- compared with an operating welfare of 113.8 billion won the year before.
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