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LG made a whopping 1.2 cents profit for each phone sold last quarter

LG's latest earnings points to the company making just 1.2 cents in profit per smartphone sold last quarter
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Jul 30, 2015 4:34 am
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LG may have shipped 8.1 million LTE smartphones in the latest quarter, its best results ever by the way, but the profits that the South Korean giant is making per handset isn't so great.

 

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The company saw operating profits of just 1.2 cents per smartphone, but with the G4 only being on sale in the United States for two months, LG's next quarter should hopefully be a little better. Moving to LG's Home Entertainment division, the company said that global demand for LCD TVs was "soft" with revenues dropping 22.7% to $3.59 billion.

NEWS SOURCES:Engadget.com

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