Important Note ! Our Forum Website Link has changed Now And our main domain remains which provides daily unique quality contents. This changes became neccessary in other to provide more quality contents on our main domain for All our members and visitors !Thank You ! Coronavirus safety tips From Admin!! 1. Wash your hands with running water 2. Donít cough in your hands 3. Drink water frequently 4. Avoid close contacts . 4. Donít shake hands or hug 5. Stay at home if possible !! Together we can stay healthy and stay safe!!Click Here To Last longer In Bed[Stay amused>>>Donít be a one minute Foul]>>> Love need Tips-See how Here

Author Topic: LG mobile division records poor sales  (Read 14399 times)

0 Members and 1 Guest are viewing this topic.


  • Hero Member
  • *****
  • Posts: 588
    • View Profile
LG mobile division records poor sales
« on: January 31, 2020, 10:33:17 AM »

LG published a report on its financial performance in 2019, boasting a record-breaking sales of $53 billion. The company recorded operating profits of $2.07 billion, 10% down from 2018, which LG explains with the additional investments it made in marketing and developing future tech.

Most of the money came from the LG Home Appliance & Air Solution Company. It brought it a third of the revenue ($18.29 billion) and most of the operating profit ($1.7 billion). This division set company-wide records for both the revenue and profit it delivered this year.

The financials for the fourth quarter Ė $3.92 billion in revenue (up 7% YoY) and operating income of $103.86 million (up 8.5%) Ė are a company record for Q4. The increased performance was thanks to healthy demand in North America and Europe.

2019 Q4 performance per division2019 Q4 performance per division
The LG Mobile Communications Company is still struggling. The yearly revenue of $5.07 billion lead to a $858.34 million loss, due to higher marketing costs needed to support LGís flagship devices.

Looking forward, LG is pinning its hopes for 2020 on cost-cutting measures and selling 5G smartphones in the mid-range and premium segments.

The LG Home Entertainment Company brought in $13.73 billion in revenue with an operating income of $833 million. These numbers are relatively unchanged from last year.

The LG Vehicle Component Solutions Company deserves a pat on the back. The $4.65 billion in revenue is up 27% from 2018, the highest annual sales in this divisionís history. It did post a loss of $165.6 million for the year, but LG expects the market to pick up in 2020 as European environmental regulations tighten and demand for electric and hybrid cars increases.

Q4 financials and key products: Home Appliance Q4 financials and key products: Home Entertainment Q4 financials and key products: Mobile Q4 financials and key products: Vehicle Components


T-Mobile rollout LG Stylo 5 Android phone

Started by techy

Replies: 0
Views: 12418
Last post August 19, 2019, 06:14:28 AM
by techy
T Mobile to roll out Android 9.0 Pie update to the LG V40

Started by mobify

Replies: 0
Views: 9769
Last post May 13, 2019, 06:22:18 AM
by mobify
LG Mobile reports higher quarterly losses and lower sales

Started by techy

Replies: 0
Views: 15093
Last post July 31, 2019, 05:27:47 AM
by techy
LG still loses money in mobile division

Started by appmonstars

Replies: 0
Views: 13084
Last post May 01, 2020, 02:38:33 AM
by appmonstars
LG records impressive Q1 results as mobile division heads for the exit

Started by droid

Replies: 0
Views: 15324
Last post April 30, 2021, 12:00:20 PM
by droid