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LG posts Q4 loss on flat smartphone sales
2016-01-26 08:29:00| Telecompaper Headlines
(Telecompaper) LG Electronics reported improved operating profit for the fourth quarter compared to a year earlier, as better margins in TVs and home appliances helped offset losses at its mobile phone business. The company's operating profit rose 27 percent year-on-year to KRW 349 billion. Sales were still down 4.7 percent to KRW 14.56 trillion, and the bottom line was a net loss of KRW 141 billion, due to losses at LG Display. At the mobile phone business, sales were flat year-on-year at KRW 3.8 trillion, and the operating margin was a negative 1.2 percent, the second consecutive quarter in the red. Worldwide, LG shipped a total of 15.3 million smartphones in the quarter, contributing to a total of 59.7 million units in 2015, a slight increase from the 59.1 million in 2014. LG said it expects the smartphone marketplace to be increasingly competitive in 2016 amid new premium models from competitors and further price competition in the mass-market tier. The introduction of two new flagship models and a more cost-competitive value chain is expected to improve the company's profitability in 2016.
Lost Your Smartphone? It's Probably Not At This House
2016-01-22 22:03:07| PC Magazine Cell Phones Product Guide
Christina Lee and Michael Saba are not hoarding smartphones, despite what your mobile tracking app says.
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Lost Your Smartphone? It's Probably Not At This House
2016-01-22 22:03:07| PC Magazine Software Product Guide
Christina Lee and Michael Saba are not hoarding smartphones, despite what your mobile tracking app says.
Tags: this
house
lost
smartphone
Calif. Bill Would Ban Smartphone Encryption
2016-01-22 20:04:21| PC Magazine Security Product Guide
The measure wants to top human trafficking, but tech firms argue encryption is necessary to truly protect your info.
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Calif. Bill Would Ban Smartphone Encryption
2016-01-22 18:03:28| PC Magazine Cell Phones Product Guide
The measure wants to top human trafficking, but tech firms argue encryption is necessary to truly protect your info.
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encryption
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