What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.
Wednesday, July 28, 2010
LG's Handset Sales Suffer Sharp Fall
Hit by falling handset prices, LG Electronics said revenues in its mobile communications division fell 29.5% year-on-year to 3,619 billion Korean won (3.02 billion US dollars) in the second quarter of 2010. LG said its handset shipments rose 2% year-on-year to 30.6 million units. The Korean company expects new models, including smartphones, to lift its revenues in its home market and in North America in the third-quarter. source: LG Electronics presentation