LG loses money selling smartphones despite hot sales

[Wireless News]

http://l1.yimg.com/bt/api/res/1.2/Qn8bEDdHu4lEVEaRkI.X0A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_US/News/BGR_News/bgr-lg-g2-5.jpg (http://news.yahoo.com/lg-loses-money-selling-smartphones-despite-hot-sales-013031718.html)Samsung still looks like the only company consistently turning a profit selling Android phones these days. LG revealed in its third-quarter earnings report on Thursday that its mobile division actually lost money in Q3 and posted a -2.6% operating margin despite shipping an impressive 12 million smartphones. Even though LG’s $2.75 billion in mobile sales represented a 24% increase over mobile sales from Q3 2012, the company said that it still lost money in mobile due to “increased competition and higher marketing investments.” Looking forward, LG says it “plans to focus on increasing sales of new premium products such as the LG G2 smartphone during the peak holiday season as well as maximizing 3G and mid-tier mass devices such as



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