The second quarter of the year was not a rosy period for future iPhone supplier LG Display, and although LG Electronics broke several financial records between April and June 2018, LG Mobile also had three unfortunate months.
We are having trouble following, let's highlight LG Display and LG Electronics are separate LG Corporation subsidiaries, while LG Mobile is just a small part of a superior profitable LG Electronics puzzle game.
We are talking about one of five major divisions, along with home appliances, home entertainment, vehicle components and business to corporate departments. It is obvious that the division is responsible for the production, distribution and advertising of smartphones like the LG G7 ThinQ and V35 ThinQ, which is still expected to "improve" the "business structure" of the outfit down the line.
The two high enders have not proved to be very popular yet, which contributes to an operating loss of nearly $ 1
72 million for LG Mobile Communications Company during the second quarter. There has been a deficit of around $ 117 million a year ago, and $ 127 million in the January-March 2018 timeframe.
Believe it or not, LG Mobile has not posted quarterly profits in four years, and perhaps most worrying of all, division sales are also downturn. The "slowdown in global smartphone market" is due to a deep earnings from $ 2.39 billion to $ 1.92 billion from year to year, although chaebol also points its finger on its mid-to-low-end portfolio performance on Latin America.
With all due respect, it does not feel that LG's phones have a problem only in a region around the world. The question is how long will "premium" home appliances and appliances and air solutions be expected to "compensate" the losses on the G, V, K, and Q series phones?