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LG ships record 12.1 mln smartphones in Q2
2013-07-24 08:59:00| Telecompaper Headlines
(Telecompaper) LG Electronics reported a 10 percent rise in sales in the second quarter, led by strong shipments of its mobile phones. Revenues were up 10.1 percent year-on-year to KRW 15.23 trillion (USD 13.58 billion), and the mobile division grew sales 34.5 percent to KRW 3.12 trillion. LG shipped a record 12.1 million smartphones in the quarter, more than double the year earlier and up 17 percent from Q1 and also reported increased sales of mass market devices, including its L and F series phones. Operating profit at the mobile division improved to KRW 61 billion from a loss of KRW 28 billion a year ago, but was down versus Q1 on weaker demand in Korea and lower average selling prices due to competition and higher marketing costs. Group operating profit fell to KRW 479 billion from KRW 527 billion a year earlier due to the weak TV market. Net profit fell to KRW 156 billion from KRW 169 billion, but was up compared to Q1. For the current quarter, LG said it expects continued growth from mass-market and LTE phones, while its new high-end devices such as the G Pro and G2 should strengthen its position in the premium segment.
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q2
LG ships record 12 million smartphones during Q2
2013-07-24 07:51:13| CNET News.com
South Korea electronics company reports $13.6 billion in revenue, a 10 percent increase year-over-year, on strong sales in its mobile, entertainment, and home appliance units. [Read more]
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million
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smartphones
Could this hypervelocity coil launch ships into space?
2013-07-24 00:35:44| CNET News.com
It looks like an enormous mosquito coil, but the Slingatron is designed to be a cheaper way to put bulk cargo into orbit. [Read more]
TGE Marine LNG Fuel Systems for New AIDA Cruise Ships
2013-07-22 20:15:56| Industrial Machines - Topix.net
TGE Marine to deliver two complete environmentally friendly LNG fuel systems for the next generation of AIDA cruise ships under construction in Japan.
Tags: systems
ships
marine
fuel
Samsung ships $15K curved OLED TV to U.S. this week
2013-07-22 16:33:01| CNET News.com
The Samsung KN55S9 55-inch curved OLED TV will be arriving at select dealers in the U.S. as early as this week. [Read more]
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