LG electronics is reporting a dismay 2015 due to its smartphones sales, till now the sales are not upto the mark as it was expected .
Is this a bad luck for LG ?
The results said that the smartphones are not attributed to high end models,with the original equipment manufacturer who have a wide range of collections with affordable low & mid range varieties.After shipping of more than 15 million smartphones by the company,It still undergo a bitter result.The sales with the mobiles during this period was a decrement of nearly $68.4 million.
The profit made by the company this year was completely through LG TV's and at the end almost 80% of total profit was generated by its Home appliances ,Washing Machines & Refrigerators.The profit earned by these LG devices was $109 million and the TV division itself bought a profit of $222 million , but unfortunately in this profit the smartphones are not included ,because of its performance in the market.
The company is still thinking to improve its market of LG V10 & NEXUS 5X. Both the handsets shown a effectiveness performance in the sales.In its Home country South Korea also there was a weaker demand for these smartphones.
Also Read : LG V10 sales reports at its Domestic place
LG is trying out many tricks to improve its market of smartphones.In this struggle situation also the company comes out with a profit of $ 206 million . Hopes are still alive with the released handsets of LG to overcome all the issues and enlight once again with high profit.