LG Elec sees lower profit as mobile business stays in red, shares slip

SEOUL - LG Electronics Inc’s operating profit likely fell by a smaller-than-expected 19 percent in the first quarter, even as losses in its mobile business and rising competition in the television segment pushed its revenue down to below consensus.

The second-biggest TV set maker in the world, after Samsung Electronics Co Ltd, estimated an operating profit of 899.6 billion won for the January-March period, versus 1.1 trillion won a year earlier. LG did not disclose further details of first-quarter operations and will announce full results in late April.

Analysts also have a dim view of LG’s smartphone business and expect it to continue generating losses.

The future of OLED TVs for large TVs is not so bad as it has good prospects.

:((((((((((((

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Huawei urges U.S. to drop 'loser's attitude' as carrier business revenue slipsChina's Huawei Technologies called on Washington to drop the 'loser&0... first let china drop the losers attitude by allowing google services.. Huawei is selling like crazy all over the world. People are literally dumping 'Tim Apple's' products lol Who is the biggest loser? ^^
Fonte: Reuters - 🏆 2. / 97 Leggi di più »

Snap is taking on Apple in the multi-billion dollar mobile gaming businessSnap announced a new ad-supported gaming platform at an event Thursday, following Apple and Google into the gaming space. mr_jettlife
Fonte: CNBC - 🏆 12. / 72 Leggi di più »