Featured Articles

Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Snapdragon 400 is Qualcomm’s SoC for watches, wearables

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

We wanted to learn a bit more about Qualcomm's plans for wearables and it turns out that the company believes its…

More...
Qualcomm sampling 20nm Snapdragon 810

Qualcomm sampling 20nm Snapdragon 810

We had a chance to talk to Michelle Leyden-Li, Senior Director of Marketing, QCT at Qualcomm and get an update on…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 01 February 2012 08:00

LG reports handset division profit

Written by Nedim Hadzic

lg

After six quarters in the red

LG Electronics’ handset division has ended a six-quarter long streak of bad luck and reported profit for Q4 of 2011.

LG reported Q4 operating profit of $20.5 million, which is dramatically lower than forecasted. Its handset division’s operating profit stands at 9.9 billion won, which amounts to US$8,800,000. While the amount may not seem significant, the fact that the division lost close to a billion dollars since Q2 2010 will put things in perspective.

It is said that the company rode on the success of Optimus LTE. Indeed, the phone has turned out to be somewhat of a golden goose and LG has sold 1 million units since it hit the market in October.

More here.



Last modified on Wednesday, 01 February 2012 09:57

Nedim Hadzic

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments