LG 2016 financial report shows poor performance of mobile division

LG Electronics announced its fourth-quarter and full-year 2016 financial results today and they look good for all the departments except Mobile Communications. Overall the company reports KRW 14.78 trillion revenue in sales ($12.79 billion) and KRW 1.34 trillion ($1.16 billion) operating profit due to strong performance by home appliances, air solutions and home entertainment. But one product didn't perform well and it was the flagship smartphone LG G5. Source: LG Electronics The Mobile Communications (MC) division announced 15% QoQ growth due to the strong sales of the LG...

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