Best Phone Arena - News : LG announces a Q1 2015 operating profit of $277M, The accountants area unit in their quarterly spotlight, and LG's team has reported the company's results for Q1 2015. The numbers show a gradual performance of the corporate as an entire, with the mobile division jactitation its highest Q1 revenue since LG debuted on the automaton market in 2010.
Smartphone sales reached $3.27B, a five-hitter YOY increase, caused by a twenty sixth increase in smartphone shipments to fifteen.4M. LG features a sixty six YOY growth in North yank sales to brag concerning, not to mention a fifty seven growth in its country of origin over this fall 2014, mostly burning by the discharge of the G Flex2. Year-on-year but, the Korean sales area unit down twenty fifth.
For the future quarter LG is predicting continuous growth of the smartphone market, with attention on LTE. LG plans to strengthen its positions within the premium section with the G4, aboard new mass-market devices. the corporate will acknowledge the fierce competition it's getting ready to face on aforesaid markets, though.
Meanwhile, LG Home diversion Company reports a $4.03B revenue, down five-hitter YОY and eighteen QОQ, mostly because of seasonality and currency rate movements in rising markets. the house Appliance and Air resolution subsidiary is 11th of September up in in operation profit year-on-year, reaching $208M.
The fresh opened in July 2013 LG Vehicle parts Company, that focuses on automotive moving picture and automobile engineering, has denote its 1st quarterly results. The division reports a modest $2.18M loss, however the corporate plans to uphold and expand its sales within the automotive moving picture and vehicle engineering segments within the end of the day
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