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LG fourth quarter financial results show strong growth in smartphone sector

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LG fourth quarter financial results show strong growth in smartphone sector

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LG has introduced financial results for the fourth quarter of 2014 and the yr as an entire. The numbers lend a hand show how LG has risen to develop into one of the crucial greater, extra outstanding gamers in the smartphone sector at the reputation in their LG G3 smartphone. Looking at simply the fourth quarter, LG had KRW 275.1 billion ($253.31 million USD) in running benefit, which used to be an building up of 28 % in comparison to the similar duration remaining yr. That used to be helped via a whopping 78 % building up in the choice of smartphones shipped throughout the fourth quarter in comparison to 2013. 

For the yr, LG shipped 59.1 million smartphones, a 24 % building up yr over yr. Despite this good fortune in 2014, LG says 2015 might be “a difficult yr in advance with larger festival globally from more than a few producers…” Along with the sure results for his or her Mobile Communications corporate, LG’s Home Entertainment Company department additionally pronounced complete yr running benefit that grew 31 % over the earlier yr. LG anticipates they're going to proceed to construct on momentum for OLED and ULTRA HD TVs all the way through the impending yr. Their house equipment and air con/power answers parts additionally skilled stepped forward financial efficiency all the way through 2014.

Although sales, income and smartphone shipments all progressed throughout 2014, the corporate did revel in a web loss as a result of write-offs associated with the closure in their plasma TV devices.

source: LG
by means of: 9to5Google


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