Thursday, 27 October 2016

LG Mobile loses whopping $380+ million in Q3, weak G5 sales mostly to blame

It’s pretty hard to contest Apple and especially Samsung had a poor July – September quarter showing as far as both sales and profits were concerned, but it’s important to remember these two are still market leaders and money-making machines.The reason it’s disappointing to see one “only” post $46.85 billion gross revenues, while the other reports $4.5 billion operating margin is the crazy high standard ...

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The post LG Mobile loses whopping $380+ million in Q3, weak G5 sales mostly to blame appeared first on Pocketnow.



from Pocketnow http://pocketnow.com/2016/10/27/lg-mobile-q3-2016-record-financial-losses

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