Categories: News

LG Records $68 Million Loss in Mobile Division

LG’s G3 and G4 handsets have received widespread positive reviews and characterized by a remarkable image sensor. Additionally, the G4’s superb price, beautiful display and optional leather back make it a fantastic choice around the £350 mark. Sadly, LG’s superb handset range hasn’t resulted in a profitable venture and reported a huge loss of $68 million.

This is dreadful when you consider sales have increased by 12% in North America, although worldwide figures dropped 21% year-over-year. LG‘s report demonstrates the difficulties many manufacturers face in the smartphone market. While the hardware is excellent, LG’s software can be slightly buggy but things have impressed in the last few months. Additionally, the LG Flex 2 hasn’t made a major impact and ended up being a very niche device.

Perhaps, the Qualcomm Snapdragon 810 SoC deterred some people from purchasing as the chip’s overheating issues are well documented. Also, the European version only contains 2GB of RAM, which lingers behind many other handsets in 2015. The most likely reason is the emergence of ultra-cheap but feature-rich smartphones from Chinese companies like Hauwei.

As a result, it’s such a competitive sector and difficult to attain large sales. LG’s financial position is becoming similar to HTC which is a shame.

Do you currently own an LG handset?

John Williamson

Disqus Comments Loading...

Recent Posts

Apple Fined €12m For ‘Misleading’ iPhone Waterproof Claims

It's well known that Apple smartphones are, generally speaking, a lot more fragile than most…

11 mins ago

XPG GAMMIX D20 DDR4 Memory Review

I've said it many times now, but it's really quite tricky to find a bad…

19 hours ago

Uri Geller Allows Nintendo to Use Kadabra Pokémon Again

In something that has undoubtedly represented one of the most bizarre pieces of gaming news…

21 hours ago

Nvidia Issues Correction on RTX 3070 Giveaway

Nvidia recently launched a competition where through a few little simple steps on your Twitter…

21 hours ago

Forza Horizon 5 Might be Released Before MotorSport 8

Following the official announcement of Forza Motorsport 8(?) for the Xbox Series X back in…

22 hours ago

Japan Uses Remote Control Robots to Address Labor Shortage

If there is a problem that could potentially be fixed with robots, then it's not…

22 hours ago