Quarterly figures show that phone sales of the Korean brand disappointing. Although other divisions LG remain profitable, the telephone department has some losses.
In a growing market for mobile phones, LG does not succeed to sell more units, as show the figures for the second quarter of 2011 (which is the third fiscal quarter). The turnover of the mobile division fell by 8.5 percent. The loss in this department of the company was $ 128 million. LG made a profit with TV’s and air conditioners.
LG last year came with multiple devices that the company had to bring back the company from negative figures. The LG Optimus 3D was the first 3D device on the market, but was, compared to competing devices, quite thick and heavy. The tablet of the company, the Optimus Pad was so expensive that few people thought of buying it.
Source: Justamp.blogspot.com
