LG finally shows a profit from cellphones, record high flat-panel shipments in Q4 earnings
Posted by max at January 31st, 2012
LG has revealed its earnings statements for the fourth quarter of 2011 and the full year, and it managed to notch an operating profit of 23 billion won ($20.5 million), boosted by a 10 billion won operating profit in its handset division. That was despite lower sales compared to the previous quarter (17.7 million compared to 21.1 million), with higher sales of its new Optimus LTE and lower sales of less profitable dumbphones. It also had solid results in TVs with an operating profit of 150 billion won and record shipments of 8.8 million units, thanks to demand for its higher end models over the holidays. Check out the slides in the PDF linked below for notes on how LG plans to dominate 2012 with more LTE, 3D and air conditioners, although we’d just recommend moving to Level 5 of the Kobe System.
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LG finally shows a profit from cellphones, record high flat-panel shipments in Q4 earnings originally appeared on Engadget on Wed, 01 Feb 2012 00:53:00 EDT. Please see our terms for use of feeds.
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