LG is one of the top brands in the smartphone market because faced a bad time because its OEM was stolen by Huawei, Lenovo and Oppo. Now after launching G6 the company is getting good reviews specially the hardware of G3 and G4. G6 software is old and design is not that good but still it is one of the good phones available right now.
When the users pre ordered the company shrunk the losses by $176000. In the last quarter it lost $1 billion and they shipped 14.8 million units which is 10% if we compare it to Q1 of 2016.
In the future the company will get the price competition in the lower and mid category phones. G6 will bring the company to profits.
The LG’s Home Appliance, Air Solutions and Home entertainment division the best profit figures with profit $4.02 billion and $3.75 billion respectively.
The vehicle components division recorded profits of $759.2 million, which makes 48 % increase. Overall the company recorded growth of 2% compared to last year’s $12.7 billion. The operating profit was $800 million.