LG just posted their Q2 2012 financial results, reporting a 46-percent year-over-year increase in net profits for the quarter. Although LG as a whole saw strong growth, the mobile division of the company didn't fare quite as well. Here's the breakdown.
- Operating loss of KRW 57 billion (USD 49.48 million) for Q2.
- Overall revenues down 28.5-percent year-over-year to KRW 2.32 trillion (USD 2.01 billion).
- Smartphone shipments lifted to 44-percent of unit sales, which is up 36-percent from Q1.
LG's mobile division is hoping to improve its position in the coming quarters by leveraging their strength in LTE phones. They plan to specifically target the expanding LTE markets in North America and Europe.
You can take a look at the full press release after the break.
Source: LG Newsroom
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