Thursday, 27 April 2017

LG's latest earnings report shows 10 percent overall yearly growth, 2 percent in its mobile division


LG Electronics posted its Q1 2017 earnings report today, and things are looking pretty great for the company on pretty much all fronts. Its operating profits are up 9.7 percent over the same period last year, though its mobile division saw only 2 percent year-over-year growth.

The increase in smartphone revenue, which for Q1 2017 was 3.01 trillion won (USD 2.61 billion), was helped by the launch of its latest flagship, the LG G6, though its March 10 release date left it little time to leave a considerable mark on the company's profits. However, unit ...

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