LG still struggles with its Smartphones sales ,But although makes a profit from other Devices

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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.



LG smart TV

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.



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