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LG reporting falls in profits and revenue for all of 2015

LG reporting falls in profits and revenue for all of 2015
LG reporting falls in profits and revenue for all of 2015
The manufacturer's weakening smartphone business fell from a profit of 316.1 billion Won in 2014 to being 48.3 billion Won in the red.

South Korean electronics manufacturer LG recently made public its financial results for both Q4 2015 and its entire fiscal year. Overall, the company saw notable dips in both sales and profits especially in regards to its smartphone division. As a company, LG reported a net loss of 140.5 billion Won (~1.08 billion Euros) for Q4 2015. Sales are also down from 15.272 trillion Won in Q4 2014 to 14.560 trillion Won in Q4 2015.

As for the entire year of 2015, LG reported a decline in sales to 56.509 trillion Won (~48.8 billion USD) from 59.041 trillion Won a year earlier. Net income was halved during the same period from 501.4 billion Won to 249.1 billion Won.

The manufacturer's Mobile Communications (MC) division was hit hardest as it fell from an operating profit of 316.1 billion Won in 2014 to an operating loss of 48.3 billion Won in 2015. LG's Home Entertainment (HE) division didn't fare all that well, either. The poor numbers can be partly attributed to aggressively expanding Chinese manufacturers like Huawei and Xiaomi.

Like HTC, LG's flagship smartphone series has proven to be very good with excellent performance and quality according to our tests, but its worldwide marketing and PR have been effortlessly eclipsed by the likes of Apple and Samsung.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 01 > LG reporting falls in profits and revenue for all of 2015
Ronald Tiefenthäler/ Allen Ngo, 2016-01-26 (Update: 2016-01-26)
Allen Ngo
Allen Ngo - US Editor in Chief
After graduating with a B.S. in environmental hydrodynamics from the University of California, I studied reactor physics to become licensed by the U.S. NRC to operate nuclear reactors. There's a striking level of appreciation you gain for everyday consumer electronics after working with modern nuclear reactivity systems astonishingly powered by computers from the 80s. When I'm not managing day-to-day activities and US review articles on Notebookcheck, you can catch me following the eSports scene and the latest gaming news.