Financial results of the company LG in the second quarter showing record profits, but smartphones are still struggling

LG G7 ThinQ

Filled the end of July the reports of the third quarter, and now it’s time to shed light on the financial report of LG. The company achieved higher revenues global at all achieved higher operating profits and the first to 30 trillion Korean won in 6 months. Black Label only in the report is the Department of communications portable charge for smart phones which made a loss of inches in quarterly sales ” because of the slowing growth of the smartphone market globally. “

In the language of figures, revenues from this department between the months of March, June, about 1.92 million USD, The total operating loss of 171 million USD. The main reason is the decrease of sales of smart phones available, low in Latin America and increased investments in the marketing sector to promote for new phones, including the LG V35 ThinQ, and LG G7 ThinQ.

Future expectations for the next quarter does not look bright. Expects that competition will intensify in the sector of high-end smartphones because the demand is stagnant while competitors in the launch of new products. Skip to LG to expand sales ” by strengthening the organization and activities synthetics “.

We hope to be a lineup of smartphones that will LG to be launched in the autumn of this year is strong enough to re-section of smart phones in LG company to the apartment profits from a new.

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