LG achieved record earnings in the first quarter, but the smart phones and continue to upgrade

LG G6 897

Announced today, LG announced its financial results for the first quarter of this year, the company revealed that its revenue this quarter amounted to 14.1 billion USD and profits amounted to 1.03 billion USD. Thanks to the increase of sales by 3.2 percent and income by 20 percent, becoming the first quarter of this year is the first quarter the most profitable in the history of the company quarter the most profitable since the summer of 2009.

Images may seem like a public good for purchase of LG, but the section in charge of mobile devices continues to face money loss for the quarter of XI, respectively. Revenue from smartphone sales towards the 2 million USD. In the first quarter of last year, the operating loss of about 176 million USD, but it is down now in the first quarter of this year to $ 126 million, and the company LG that the reason behind this is the strategy for the launch of smart phones revised. Between January and March, managed to LG company shipped 11.4 million Smart Phone only.

Although the picture may look black, has enabled the South Korean company to narrow losses through ” improving the costs of restructuring through improved costs, quality activities, design units “. Expectations for the next quarter is that intense competition will continue due to Chinese companies. It is likely to increase sales of LG company because of the advent of the phone LG G7 ThinQ in the next week.

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