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Seoul, October 21, 2009 - LG Electronics, Inc. (LG) today reported record revenues and operating profits in the third quarter, reflecting the results of the company’s successful growth and competitiveness initiatives during the current global recession.
The Mobile Communications Company reported KRW 4.65 trillion (USD 3.75 billion) in sales, 21.9 percent higher year-over-year and an operating profit of KRW 390 billion (USD 314 million) with a margin of 8.4 percent. Handset sales accounted for KRW 4.38 trillion (USD 3.53 billion), up 24.8 percent from the same quarter in 2008, and operating profit reached KRW 384 billion (USD 309 million), resulting in a margin of 8.8 percent. Shipments of handsets saw an increase of 37 percent year-over-year and 6 percent quarter-over-quarter to 31.6 million units due to robust growth in emerging and European markets, thanks to products such as Cookie and messaging phones, despite a slight decline in unit sales in North America and Korea. Price erosion, along with increased sales of low-end handsets, resulted in lower profitability compared to the second quarter.
Full press release containing all other divisions
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Posted: 2009-10-21 14:41:20
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Well done LG!
even though id never get one lol.
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Posted: 2009-10-21 14:53:40
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you wouldn't but i think they don't know you
so it seems nokia is the only one who's had a bad quarter?
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Posted: 2009-10-21 14:56:47
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Touché
Yep seems like it,i hope NOKIA continues to make a loss so they can get back to making proper "multimedia computers".
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Posted: 2009-10-21 15:05:59
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I thought it was bad for Sony Ericsson too?
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Posted: 2009-10-21 20:34:00
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