LG Q2 reports show record profit, phones still struggling

The end of July is filled with Q2 reports and now its time for LG Electronics. The Korean company achieved its highest ever global revenues, highest operating profits and its first KRW30 trillion of sales in 6 months. The black mark on the report is the Mobile Communications division which posted an operating loss and a decline in quarterly sales "due to slowing growth of the global smartphone market". Speaking in absolute numbers, sales between March and June were KRW2.07 trillion ($1.92 billion). The operating loss was KRW185.4 billion, which is equal to $171.95 million. The...

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