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LG comes back to profit through smartphones and TVs

updated 08:20 am EDT, Wed April 25, 2012

LG makes 215m through LTE and 3D TV

LG saw itself return to health Wednesday with early 2012 results that showed it back in form. It swung from an equivalent to a $13.9 million loss in winter a year ago to $213.3 million in profit based on a much stronger position in smartphones and better 3D TV sales in is native South Korea. Its mobile division made the equivalent of $34.2 million in profit, almost all of that from cellphones, after having lost $88.7 million at the start of 2011.

The home entertainment group was still profitable a year ago, but it almost doubled its performance to make the equal to $190.5 million.

While it didn't break down the performance by the model, continued strong turnout for the Optimus LTE, as well as early sales of the Optimus Vu. Much of the company's losses during 2011 and 2010 have commonly been blamed on the company's slowness in getting into high-end Android smartphones, having first had to wean itself from dependence on Microsoft's struggling Windows Mobile platform and having little success in focusing on budget Android hardware.

The rest of 2012 is potentially upbeat for the company even in the face of a smartphone market dominated by Apple and Samsung. The Optimus 4X HD and Optimus 3D Max, as well as the Optimus L-series, should get their full launches in the spring. In TVs, its 2012 3D TVs should start arriving in earnest, and it may also deliver its OLED TV flagship as soon as next month. [via AP]



By Electronista Staff
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Comments

  1. Mr. Strat

    Forum Regular

    Joined: Jan 2002

    -2

    PT Barnum was right

    If you buy anything made by LG, you're a sucker. Back when they called themselves Goldstar, they made some of the crappiest stuff imaginable. For phones, the G2X comes to mind. It appears they did no quality testing whatsoever and have virtually ignored the phone since it came out barely a year ago.

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