LG Electronics (LG) announced their earning here's what they released regarding their mobile arm.
The Mobile Communications Company reported KRW 5.140 trillion (USD
3.981 billion) in sales, 25.8 percent higher than the previous year,
and operating profit of KRW 545 billion (USD 422 million) with a margin
of 10.6 percent.
Handset sales accounted for KRW 4.877 trillion (USD
3.778 billion), up 29.9 percent YoY, and operating profit reached KRW
538 billion (USD 417 million) for a margin of 11.0 percent. Shipments
of handsets recorded an increase of 7.8 percent YoY and 32 percent QoQ
to 29.82 million units thanks to strong demand in mid-tier models such
as the full touchscreen Cookie phone, QWERTY keypad messaging phone
LG-KS360, a multimedia powerhouse feature-rich Arena with new S-Class
UI, enV3 with a QWERTY keypad for messaging, and enV Touch with a
QWERTY keypad and touchscreen.
Profitability improved with a product
mix centered on new model launches and solid growth from existing mid-
to high-tier handsets. With the global economic downturn expected to
continue, LG sees the global market declining over 6 percent YoY to
around 280 million units in the third quarter but, as for LG, steady
growth is expected with the introduction of high-end devices such as
the fourth model in the LG Black Label Series, smartphone GM730, and
the one-of-a-kind GD900 Crystal with transparent keypad.