It’s that time again where LG posts their financial results, for Q2 in this case, which shows its mobile division to be making losses, for the fifth quarter in a row, despite the company changing its mobile strategy. In a nutshell, LG made sales worth $ 1.92 billion and an operating loss of 171.96 million between April and […]
Come comment on this article: LG’s mobile division posts a loss for the fifth quarter in a row
Nest has been riding the struggle bus for the past few years, turning pretty much no profit and putting Alphabet in a difficult decision about what to do with the hardware company. Well, it looks like Alphabet’s plan might be to just squish Nest back into Google’s hardware division, ending the smart home manufacturer’s autonomous […]
Come comment on this article: Nest might get folded back into Google’s hardware division
Weak smartphone sales drove LG’s mobile division to a sixth straight quarter of declining profits. The company is pursuing a restructuring effort as it ramps up production of profitable midrange and low-end handsets.
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Three weeks ago, LG’s mobile division experienced a shakeup amid disappointing sales for the company’s 2016 flagship. The G5 just didn’t meet expectations for anyone, and LG was forced to shift leadership positions after taking a loss for Q2 2016. Now LG is preparing to get back into the green with its upcoming flagship for […]
Come comment on this article: Hoping to revive slumping mobile division, LG launches the V20 in September