LG results: sold 12.3 million smartphones in the first quarter, phone unit is still a loss


LG today released a above analysts’ expectations, high-end TV sales strong growth make up for the loss of mobile department. LG is the world’s second largest TV makers.

as of March 31, LG this quarter operating profit, operating profit) $487 million, up 44% from a year earlier, far more than analysts expected.

but most care about nature were hunting cloud LG smartphone business:

LG said sold 12.3 million smartphones in the first quarter of 2014, up 19% from a year earlier. But the ring fell 7% last quarter.

LG department revenue of $3.19 billion, up 6% from a year earlier.

LG department still loss of 8.8 billion won, or about $8.54 million.

thanks to best-selling G2 and Nexus 5, LG said its LTE mobile phone sales up 76% from a year earlier.

LG expected smartphone sales will continue to grow, especially the LTE mobile phone sales. But said market competition from rivals will increasingly harsh.

LG is change the policy of the Chinese market, operators to promote lower prices of mobile phones, hand in hand to local associations, such as huawei, millet, cool competition.