The phone industry is turning into a painful demolition derby

  • Thread starter Thread starter Tero Kuittinen
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Tero Kuittinen

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6a654bfdc05addb172c190154805bf99.jpgLG just reported a surprisingly large 43 billion won loss in its mobile communications division, despite 54% unit volume growth during the Christmas quarter of 2013. This is particularly depressing, because LG had launched an aggressive marketing campaign to support the well-reviewed, highly sophisticated LG G2 phablet. During the Christmas quarter in 2012, LG was enjoying massive volume growth, strong reviews of a fresh flagship phone and robust carrier/retail support across Europe, North America and Brazil. It wasn't enough.

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Via BRG - Boy Genius Report
 

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