If its mobile division didn't exist at all, LG would certainly be having a better year. It managed to rack up a $748.8 billion KRW ($667.7 million) operating profit and had its best quarter this year for revenue, despite losing KRW 146.3 billion ($130.5 million) selling smartphones. While it has lost over $400 million so far this year on mobile, LG is far from giving up hope on the division, though. It expects the five-camera V40 ThinQ smartphone will lift it next quarter, hopefully to some kind of profit.
Source: LG
LG still bullish on mobile despite losing $13 on every phone posted first on https://www.engadget.com
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