LG Electronics records 4th

SEOUL, South Korea - LG Electronics reported its opening four times a year downfall in nearly two years as prices for lifeless sift televisions knock and devices with the iPhone provided stiff game for its mobile phone business. The company, a dominant global producer of flat screen televisions and travelling phones, lost 256.4 billion won ($229.4 million) in the three months ended Dec. 31, it said Wednesday.

That compared with grate use of 361.9 billion won a year earlier. The fourth-quarter red ink, however, came in far less than the 390 billion won median believe in a scrutiny of analysts by Yonhap Infomax, the economic info arm of South Korea's Yonhap scoop agency. LG Electronics Inc. is the world's second-largest industrialist of unambiguous camouflage televisions behind South Korean challenge Samsung Electronics Co. LG trails extensive No. 1 Nokia Corp. of Finland and Samsung to complete No. 3 in ambulant phones.

Sales in the fourth compassion rose 1.8 percent to 14.7 trillion won, LG said.

LG's expressive phone enterprise suffered carry on year amongst hysterical championship from multifaceted smartphone devices such as Apple Inc.'s iPhone. Seoul-based LG also reported a 245.7 billion won operating disadvantage compared with an operating welfare of 113.8 billion won the year before.

Sales in LG's quick communications business, which includes phones, cut 14.7 percent to 3.58 trillion won, the plc said. The operating privation in that business, however, narrowed to 274 billion won from 326 billion won in the prior three months on increased sales of smartphones such as the Optimus One, the suite said. Mobile phone handset sales rose 8 percent to 30.6 million devices in the fourth post from the third, but declined 10 percent from the year before.

The fellowship vowed in a upon manumission to hub on profitability this year by introducing more bonus smartphones and headstone devices "while regaining its rate competitiveness" in sensitive phones. LG sold a every three months enumerate 8.7 million unmodifiable paravent TVs in the indisputable three months of aftermost year in the thick of traditionally forceful end-of-year demand, up 33 percent from the year before.

That milestone, however, was overshadowed by declining prices amidst stubborn match and oversupply in the exertion that sent the company's domestic distraction issue tumbling to an operating waste of 122 billion won for the period. The company, founded in 1958 as Goldstar, also manufactures household appliances including refrigerators, washing machines and puff conditioners. Shares in LG Electronics, which released results during afternoon trading, demolish 0.8 percent Wednesday to guarded at 121,000 won. For all of 2010, LG's take interest level 45 percent to 1.28 trillion won, while sales rose 0.1 percent to 55.8 trillion won.

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