Thursday, October 27, 2016

LG's mobile unit records possible worst quarterly loss ever at nearly $400 million

nexus2cee_DSC02033_thumb

LG just released the company's Q3 financial results, and while at large LG is still profitable, its mobile unit is turning into a truly massive drag on the greater business. I've dug through about five years of LG's quarterly results, and I can't find a single one with a greater operating loss than the staggering $389.4 million the company reported this morning. This time last year, the mobile division was losing money, but not nearly on this scale.

Read More

LG's mobile unit records possible worst quarterly loss ever at nearly $400 million was written by the awesome team at Android Police.



from Android Police – Android News, Apps, Games, Phones, Tablets http://ift.tt/2efaZ4B
via IFTTT

No comments:

Post a Comment