LG’s big advertising push on flagship phones didn’t work
Based on the Korean company’s earnings report for April to June this year, its mobile arm suffered another major blow after recording an operating loss of 185.4 billion Korean won (US$ 171.95 million).
LG released the G7 ThinQ and the V35 ThinQ in May, if you’ll recall, and it had pinned its hopes on the devices, especially since it will no longer release a phone every year because its rivals do.
https://www.engadget.com/amp/2018/07/26/lg-q2-earnings-mobile-loss/
LG Electronics’ net profit falls 43 percent on mobile loss – seattlepi.com
https://m.seattlepi.com/news/article/LG-Electronics-net-profit-falls-43-percent-on-13106408.php
LG Mobile’s losses continue but now sales are falling too | TechCrunch
https://techcrunch.com/2018/07/26/lg-mobiles-losses-continue-but-now-sales-are-falling-too/