Tuesday 26 January 2016
Being an Android phone manufacturer is pretty tough for anyone — ask HTC — but it’s not looking rosy for LG either, today reporting that it lost more than $35 million selling smartphones in a single quarter of 2015. In its earnings report today, LG said that it lost 43.8 billion South Korean Won on its phone division last quarter, which is roughly a loss of $35 million USD over the holiday period. The company sold more than 59.7 million smartphones in 2015, but that was a measly improvement of just half a million on the previous year. Sales were…
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