It looks like shipments of LG’s latest flagship smartphone, the LG G5 are lower than the company has expected.
According to a recent report LG is expected to ship a total of 2.5 million units of the device in the second quarter, the company has expected to ship 3.5 million units.
Due to slow sales of smartphones, LG’s mobile communications (MC) business unit is expected to post a loss of KRW128-130 billion (US$110.59-112.32 million) for the second quarter of 2016, compared a loss of KRW202 billion a quarter earlier, added the paper.
Total shipments of the LG G5 may reach only 5.5 million units in 2016, far below the company’s target of 12 million units, the paper estimated.
The LG g5 is a modular smartphone that lets you add on a number of accessories like a battery pack and a camera module.
Source DigitimesFiled Under: Android News, Mobile Phone News, Top News