Save hundreds $ with Galaxy Z Fold6!

LG's quarterly earnings downgraded, citing weak G4 shipments

By
42comments
Google News Follow
Follow us on Google News
T-Mobile AT&T Verizon Sprint LG Android
LG's quarterly earnings downgraded, citing weak G4 shipments

Korean business analysts are slashing their estimates for LG's quarterly profit left and right, it seems. The Daishin Securities firm has decreased the operating profit forecast for LG Mobiles Division to $50.7 million from $92.3 million, and Korea Investment & Securities lowered theirs to $61 million from $104 million. 

This is quite the steep drop, considering that LG made $66 million in the first quarter, when the G4 wasn't even on sale. It's precisely the performance of the G4 that prompted the analysts to cut their lofty expectations for 8-12 million LG flagships sold this year. Given that so far the shipments have totalled 2.5 million G4 handsets only, LG will have a steep climb if it wants to actually sell at least that much in each subsequent quarter against a rising competition.

source: BusinessKorea
https://m-cdn.phonearena.com/images/users/59-200/Daniel-P.jpg
Daniel Petrov Senior Mobile Tech Journalist and Reviewer
Daniel, a devoted tech writer at PhoneArena since 2010, has been engrossed in mobile technology since the Windows Mobile era. His expertise spans mobile hardware, software, and carrier networks, and he's keenly interested in the future of digital health, car connectivity, and 5G. Beyond his professional pursuits, Daniel finds balance in travel, reading, and exploring new tech innovations, while contemplating the ethical and privacy implications of our digital future.

Recommended Stories

Loading Comments...

Popular stories

T-Mobile introduces welcome change for iPhone users
T-Mobile introduces welcome change for iPhone users
Time has come to say goodbye to T-Mobile app after 12 years
Time has come to say goodbye to T-Mobile app after 12 years
T-Mobile stores will have a special gift waiting for you this Tuesday
T-Mobile stores will have a special gift waiting for you this Tuesday
Amazon and Best Buy are selling the Pixel 9 at a huge discount well ahead of Black Friday
Amazon and Best Buy are selling the Pixel 9 at a huge discount well ahead of Black Friday
Samsung survey asking for Galaxy S25 wishlist reveals the phone's early release date
Samsung survey asking for Galaxy S25 wishlist reveals the phone's early release date
AT&T wants to shut down a network with only 52 users
AT&T wants to shut down a network with only 52 users

Latest News

Epic early Black Friday sale lets you save up to $1,100 on the Galaxy S24 Ultra at Samsung
Epic early Black Friday sale lets you save up to $1,100 on the Galaxy S24 Ultra at Samsung
The stylish Galaxy Watch 7 is a steal with this pre-Black Friday promo at Samsung
The stylish Galaxy Watch 7 is a steal with this pre-Black Friday promo at Samsung
Apple iPhone SE 4 release date set for March with LG Innotek camera module
Apple iPhone SE 4 release date set for March with LG Innotek camera module
Red Magic 10 Pro+ live images surface ahead of tomorrow’s announcement
Red Magic 10 Pro+ live images surface ahead of tomorrow’s announcement
Apple's Beats Solo 3 come with amazing battery life at a nice $69 price in early Black Friday deal
Apple's Beats Solo 3 come with amazing battery life at a nice $69 price in early Black Friday deal
Realme 14 Pro Lite mid-ranger tipped to arrive early next year
Realme 14 Pro Lite mid-ranger tipped to arrive early next year
FCC OKs Cingular\'s purchase of AT&T Wireless