Jul 08 AT 5:39 PM Dima Aryeh 0 Comments

LG reporting big loss in Q2 2016 for its mobile division


LG is doing well overall, which is expected as the company makes just about anything you could imagine. In fact, its earnings are at a two-year high. But the mobile division is bleeding money, as the business has reported an $82 million loss in Q2 2016.

The LG G5 isn’t as popular as LG hoped it would be, selling only 2.2 million units. I guess a modular feature with only a few accessories that requires removal of the battery isn’t taking off.

LG predicts that its mobile division will stay in the red in Q3 as well, as it’s unlikely that the sales trend will change. LG needs to bring out the big guns and make a truly special and unique device in order to get people to start buying its wares.

Via: Phandroid

Source: Reuters

Dima Aryeh is a Russian obsessed with all things tech. He does photography, is an avid phone modder (who uses an AT&T Galaxy Note II), a heavy gamer (both PC and 360), and an aspiring home mechanic. He is also an avid fan of music, especially power metal.

    Most Tweeted This Week