{"id":214562,"date":"2020-01-30T18:54:34","date_gmt":"2020-01-30T10:54:34","guid":{"rendered":"http:\/\/itteacheritfreelance.hk\/test\/wordpress\/?guid=d91e9a976f0ce926e0a7c4be50badc26"},"modified":"2020-01-30T18:54:34","modified_gmt":"2020-01-30T10:54:34","slug":"lgs-struggling-mobile-division-lost-over-850-million-in-2019","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/2020\/01\/30\/lgs-struggling-mobile-division-lost-over-850-million-in-2019\/","title":{"rendered":"LG\u2019s struggling mobile division lost over $850 million in 2019"},"content":{"rendered":"<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p class=\"intro\">Record sales of home appliances last year helped LG achieve its highest annual revenue in history.<\/p>\n<p><a href=\"https:\/\/www.androidcentral.com\/lgs-struggling-mobile-division-lost-over-850-million-2019\" title=\"LG's struggling mobile division lost over $850 million in 2019\" georiot-ignore=\"true\" class=\"norewrite\"><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.androidcentral.com\/sites\/androidcentral.com\/files\/styles\/large_wm_brw\/public\/article_images\/2019\/04\/lg-g8-black-back-angle.jpg?w=640&#038;ssl=1\" data-recalc-dims=\"1\"><\/a><\/p>\n<h2 class=\"aside news-summary\">What you need to know<\/h2>\n<ul class=\"end\">\n<li>LG&#8217;s smartphone business recorded revenues of KRW 1.32 trillion ($1.12 billion) in Q4 2019, mainly due to lower sales of the company&#8217;s mass-tier products.<\/li>\n<li>The smartphone division posted a full-year operating loss of KRW 1.01 trillion ($858.34 million). <\/li>\n<li>LG Electronics registered revenues of KRW 16.06 trillion ($13.65 billion) in the fourth quarter of 2019, 1.8% higher than the same period in 2018. <\/li>\n<\/ul>\n<p>LG today <a href=\"http:\/\/www.lgnewsroom.com\/2020\/01\/lg-announces-2019-financial-results\/\" georiot-ignore=\"true\" class=\"norewrite\">announced<\/a> its financial results for the fourth quarter of 2019. Thanks to robust demand for premium home appliances such as LG Signature, the company posted record-breaking revenues of KRW 62.3 trillion ($53 billion) in 2019. Its full-year operating profit, however, came in at KRW 2.44 trillion ($2.07 billion), 10% lower than 2018.<\/p>\n<p>The company&#8217;s fourth quarter revenue of KRW 16.06 trillion ($13.56 billion) was 1.8 percent higher than the same period in 2018 and also 2.3% higher compared to the <a href=\"https:\/\/www.androidcentral.com\/lg-posts-record-q3-profit-smartphone-sales-continue-decline\" georiot-ignore=\"true\" class=\"norewrite\">previous quarter<\/a>. Quarterly operating income, on the other hand, was 34.5% higher than Q4 2018 at KRW 101.8 billion ($86.5 million).<\/p>\n<p>Unsurprisingly, LG&#8217;s smartphone division didn&#8217;t fare too well in the fourth quarter of last year. LG Mobile Communications recorded revenues of KRW 1.32 trillion ($1.12 billion) during the October to December period, a decline compared to the same period a year earlier. The mobile division posted a full-year operating loss of KRW 1.01 trillion ($858.34 million), apparently due to higher marketing expenses for flagship devices. Despite the fact that its mobile business isn&#8217;t doing well, LG <a href=\"https:\/\/www.androidcentral.com\/lg-says-its-struggling-smartphone-business-will-turnaround-end-2021\" georiot-ignore=\"true\" class=\"norewrite\">isn&#8217;t ready to give up on smartphones<\/a> just yet. In 2020, the company plans to continue its cost-efficiency efforts and introduce new mid to premium <a href=\"https:\/\/www.androidcentral.com\/should-you-buy-5g-phone-2019\" georiot-ignore=\"true\" class=\"norewrite\">5G phones<\/a> to boost sales.<\/p>\n<p><a href=\"https:\/\/www.androidcentral.com\/lg-announces-its-android-10-update-schedule\" title=\"\" class=\"cta large norewrite\" georiot-ignore=\"true\">LG finally shares its Android 10 update plans<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/androidcentral\/~4\/hf2xXDWRy-w\" height=\"1\" width=\"1\" alt=\"\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Record sales of home appliances last year helped LG achieve its highest annual revenue in history.<\/p>\n<p>What you need to know<\/p>\n<p>LG&#8217;s smartphone business recorded revenues of KRW 1.32 trillion ($1.12 billion) in Q4 2019, mainly due to lower sales of the company&#8217;s mass-tier products.<br \/>\nThe smartphone division posted a full-year operating loss of KRW 1.01 trillion ($858.34 million).<br \/>\nLG Electronics registered revenues of KRW 16.06 trillion ($13.65 billion) in the fourth quarter of 2019, 1.8% higher than the same period in 2018. <\/p>\n<p>LG today announced its financial results for the fourth quarter of 2019. Thanks to robust demand for premium home appliances such as LG Signature, the company posted record-breaking revenues of KRW 62.3 trillion ($53 billion) in 2019. Its full-year operating profit, however, came in at KRW 2.44 trillion ($2.07 billion), 10% lower than 2018.<\/p>\n<p>The company&#8217;s fourth quarter revenue of KRW 16.06 trillion ($13.56 billion) was 1.8 percent higher than the same period in 201&#8230; <a href=\"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/2020\/01\/30\/lgs-struggling-mobile-division-lost-over-850-million-in-2019\/\">\u95b1\u8b80\u5168\u6587 <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":720,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"slim_seo":[],"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[451,2,7],"tags":[398,402,397,414,413,410,409,407,408,406,399,400,394,10,401,396,403,412,411,395,405,404,457,455,454,456],"jetpack_publicize_connections":[],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p7prtj-TOG","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts\/214562"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/users\/720"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/comments?post=214562"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts\/214562\/revisions"}],"predecessor-version":[{"id":214563,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts\/214562\/revisions\/214563"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/media?parent=214562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/categories?post=214562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/tags?post=214562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}