LG’s 3rd quarter profits are up 82% as smartphones actually lose money

LG’s operating profits for the 3rd quarter were 516.1 billion won (about $454 million) and revenue was up by 15.2 percent at 15.23 trillion won (about $13.4 billion). Unfortunately, LG’s mobile division didn’t contribute a dime. The bulk of profits came from high-end home appliances and televisions. LG had a big comeback with smartphones in […]

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