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LG smartphone shipments fall 3% in Q2
2015-07-29 08:40:00| Telecompaper Headlines
(Telecompaper) LG Electronics reported second-quarter sales down 7.6 percent year-on-year to KRW 13.93 trillion (USD 12.69 billion). Operating profit fell to KRW 244.1 billion, and net profit dropped to KRW 226.4 billion, in what LG called "an extremely challenging environment". LG said market conditions were more difficult than expected, but it hopes to recover the lost ground in Q3 with new products and more effective marketing. Sales at its mobile division were up just 1 percent in the second quarter to KRW 3.65 trillion, and smartphone shipments fell 3 percent from a year ago to 14.1 million units. Overall profitably was affected by weaker demand in the premium segment in its domestic Korean market, LG said. This was offset by 36 percent year-over-year growth in North America sales, due to a better performance of mid-range smartphones and tablets, and a record of over 8.1 million LTE smartphones sold in the quarter. From Q3, LG said it will more aggressively implement its dual strategy of focusing on both premium devices as well as mid-range smartphones targeting emerging markets.
Tags: fall
smartphone
shipments
q2
Flat Panel Display revenues forecast to fall in 2015
2015-07-28 15:00:35| Digital TV News
Led by declining thin-film-transistor liquid-crystal display (TFT LCD) revenues, global flat panel display (FPD) industry revenue is forecast to fall 2 percent, from $131.4 billion in 2014 to $129 billion in 2015, according to IHS (NYSE: IHS).
ITV profits up 25% despite ratings fall
2015-07-28 09:45:06| BBC News | Business | UK Edition
Half-year profits at ITV rose by 25% as revenue increased across all divisions, but the broadcaster's share of viewing across its channels fell 4%.
Tags: fall
ratings
profits
itv
BP profits fall on low oil price
2015-07-28 08:54:26| BBC News | Business | UK Edition
BP reports a sharp fall in underlying profits for the three months to the end of June as lower oil prices continue to hurt.
Exxon Mobil (XOM) Stock Declines as Oil Prices Fall
2015-07-27 21:49:18| Chemicals - Topix.net
Oil prices fell to a four month low today after the Chinese stock market experienced steep declines, spreading concern about the state of the global economy. Chinese stocks had their worst day of trading since 2007, falling more than 8% on Monday, as the country's efforts to prop up its struggling economy faltered, according to Reuters .
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