LG Electronics boasts record full-year 2017 revenues, ‘narrowed’ Q4 smartphone losses
LG lost another $192 million on smartphones during Q4 2017, nonetheless reporting all-time high overall annual revenues of $55.4 billion.
LG probably made more money during Q3 2017 than last year, no thanks to smartphones
LG’s mobile division is expected to post its tenth consecutive quarter loss for the July – September 2017 timeframe, despite solid overall company profits.
Samsung estimates direct and indirect Galaxy Note 7 losses at $5.3 billion through Q1 2017
After a direct hit of $2.3 billion to Q3 2016 profits, Samsung expects the Galaxy Note 7 discontinuation to cost it an extra $3B by March 2017.