LG Earnings for Q4 2010 Down, Mobile Struggling
There is no question that LG has been faltering a bit in the cellphone game lately, but the numbers for the final quarter of 2010 are confirming exactly what everyone was thinking. Despite the late-year success of the LG Optimus One line of phones, the low-cost/available everywhere model couldn’t salvage sales with a 15.2 percent drop from 2009. Revenues did increase over Q3 results, but that still equated to a loss of 246.4 billion won. While LG Mobile is hurting, other areas of LG’s business such as home entertainment are faring a bit better.
LG is trying their hardest to be relevant in the smartphone game with industry firsts such as the dual-core Optimus 2X and the upcoming Optimus 3D, but until they get a better handle of the actual implementation of the Android OS their street cred will continue to wane.
[via Engadget]