http://www.blogcdn.com/www.engadget.com/media/2013/04/lq-q1-2013-earnings.jpg LG has released its earnings report for the first quarter of 2013, and while they were down overall from last year, there is good news to report for its phones. A net profit of $20.3 million is lower than Q1 2012’s $214 million, and Q4’s $80.75 million, blamed on weaker earnings in its home theater business. The good news is reserved for phones, where sales were up 30 percent from last year thanks to devices like the Optimus G (original, Pro and Nexus 4) and L series. Home Entertainment sales dropped to their lowest level in the past year, blamed mostly on a decline in plasmas. According to LG its LCD sales were actually up thanks to growing demand in Europe and China, but profits took a hit because of increased competition. We’ll keep digging through the numbers for more details, check the source link below to take a look for yourself.
Filed under: Cellphones, Home Entertainment, HD, Mobile, LG
Comments
Source: LG Korea, LG Q1 2013 earnings (PDF)