LG has announced its financial results for quarter 12 of 2015, the company announced that it shipped 14.1 million LG smartphones in Q2 of 2015, this is down from 15.4 million in Q1 2015.
The company announced a profit of $206 million for the quarter, its overall revenue fell by 7.6 percent on the previous year.
In light of a sluggish global TV market and intense competitive pressures, overall second-quarter sales declined 7.6 percent from the same period last year to KRW 13.93 trillion (USD 12.69 billion). Although revenues remained at virtually the same level as the previous quarter, operating profits declined slightly to KRW 244.1 billion (USD 222.52 million). While the second quarter was more challenging than expected, LG is confident it can recover lost ground in the third quarter with new competitive products and more effective marketing initiatives.
You can find out full details about LG’s Q2 financial results at the link below.
Source LG, TechCrunch
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