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LG smartphone shipments soar 26% to 15.4 mln in Q1

2015-04-29 08:40:00| Telecompaper Headlines

(Telecompaper) LG Electronics announced a net profit of KRW 38.4 billion in the first quarter, up 0.3 percent from the year before but rising significantly from the loss of over 205 million reported in the fourth quarter. The operating profit lifted 2.2 percent from the year earlier to KRW 305.2 billion. Revenues were virtually unchanged at KRW 13.99 trillion, with soaring smartphone sales offset by modest revenue declines in TVs. LG's mobile division recorded its highest first-quarter revenues since introducing its first Android device in 2010, with shipments rising 26 percent year-on-year to 15.4 million smartphones. Revenues advanced 5 percent to KRW 3.6 trillion and operation profit margins improved both quarter-over-quarter and year-over-year. Sales in North America jumped 66 percent from the year before, while sales in Korea grew 57 percent from the previous quarter with the introduction of the G Flex2 premium smartphone with Plastic-OLED display. The launch of the LG G4 in the second quarter is expected to strengthen the company's presence in the premium smartphone segment and further improve profitability.

Tags: smartphone q1 shipments mln

 

Samsung Profit Falls on Slowing Smartphone Sales

2015-04-29 02:55:22| Semiconductors - Topix.net

Samsung Electronics Co. reported a 39% drop in net profit Wednesday, marking its fourth straight quarter of declines for the first three months of this year on slowing smartphone sales.

Tags: sales samsung falls profit

 
 

Telcos face hefty customer care costs as smartphone usage grows

2015-04-29 02:00:00| Total Telecom industry news

Self-care software provider says cost of serving smartphone users will increase by 20% in the U.K. over five years; stats similar in other markets.

Tags: care customer face costs

 

Samsung retakes top spot in global smartphone market

2015-04-29 02:00:00| Total Telecom industry news

South Korean electronics giant reports first quarter results in line with guidance.

Tags: top market global samsung

 

LG bets on battery life over performance with new G4 smartphone

2015-04-28 20:55:58| Electronics - Topix.net

LG Electronics is giving its latest flagship smartphone, the leather-covered G4, a big removable battery and a power-efficient processor, hoping a long battery life will help it stand out among tough competitors. The G4, teased for weeks, was finally unveiled on Tuesday at events around the world.

Tags: with life performance battery

 

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