K-pop hitmaker Shinsadong Tiger dies at 41
Hospitals experience disruptions on extended doctors' walkout
G7 leaders decry N. Korea's exports of ballistic missiles to Russia
Parents of 7 first to receive W10m for childbirth in Seoul
Temple that housed book on Hangeul launches Hangeul awareness group
Occult thriller 'Exhuma' reaches 1m ticket sales in record time
Tours of royal hall at Changdeokgung to open
Michelin Guide’s Busan selections unveiled, Mosu stays tops in Seoul
Two students of Priest Lee Tae-seok become medical specialists
[Weekender] Discover the joys of life without a smartphone
LG Electronics extends losses on smartphone salesBy 이지윤
Published : Oct. 27, 2016 - 16:53
Revenue also fell 5.7 percent on year to 13.2 trillion won.
Despite strong sales of its TVs and home appliances, the mobile business division suffered extended losses of 466.4 billion won after a series of failures in its flagship G series phones in recent years, including the latest G5.
“Phone sales declined almost 24 percent due to sluggish premium models and their slowing product prices,” the company said. Smartphone shipments tumbled 41 percent on its home turf alone.
“The ongoing restructuring at the mobile business division will be finalized soon to improve its financial and operational structures.”
The company said it would make all-out efforts for marketing activities of the latest bigger-screen V20 smartphone in the rest of the year.
By Lee Ji-yoon (email@example.com)
Medical grads abandon internships, robbing hospitals of respite hopes
Death & denial: Why Koreans refuse to contemplate the end
FM Cho meets with UNESCO chief in Brazil