On the top it is not so: the LG released its financial results for 2019 with a further loss for the division of the cell. The loss consisted of a$ 858,34 million in the last year, and amounted to more than US$ 3 billion over the past five years, the company has a profit from smartphones in 2014.
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First of all, it is a good idea to make it clear: we’re talking about here, just the mobile division of the COMPANY. The company as a whole had an operating profit of US$ with 2.07 bn by 2019, drawn especially for this division, home appliances ($1.7 billion), and has also been released in black and white, with Tv sets (US$ 93.5 million), and enterprise solutions (US$ 56.4 million).
In the meantime, the area of smartphones, had a loss in the fourth quarter of 2019, according to the company, this was due to the “weak sales” of smartphones, basic and intermediate, out of South Korea, and it was due to the increase of the costs of the marketing for the devices, from the flagship”.
LG promises to profit out of mobile phones by 2021
By 2020, the company is promising to introduce a new mobile intermediate-and premium 5, and to make continued efforts for energy efficiency in spending.” In addition, the CEO, Brian Kwon, ensures that the mobile division of LG, it will be profitable until 2021): he says that it is going to expand the line of mobile phones and will release the new models, coupled with the factors of surprise and entice the consumer.
The company has patented a smartphone with a screen that parts the back and the front. David Ruddock of the Android Police, says that the company will launch a mobile phone in 2021, which fit into a 10-inch display (or larger) in order to function as a tablet, thanks to the desktop mode built into the Android os.
As we noted earlier here on the youtube video, the company does not have a profit with a mobile phone since 2014 is the season of the LG G2. In the following year, sales began to stagnate; by 2016, the damage has exceeded US$ 1 billion, with the failure of the LG G5 modular.
The loss of the LG to Mobile a total of US$ 2,94 billion from 2015 to 2019. These are the financial results of the mobile division in the year:
- 2013: a profit of US$ 64,45 million
- 2014: a profit of US$ 295,29 million
- 2015: loss of US$ 103,17 million
- 2016: loss of US$ 1,09 billion in
- 2017: loss of US$ 192,33 million
- The 2018 cost of$ 700,65 million
- 2019: loss of US$ 858,34 million