LG posts operating loss in Q1, smartphone division still struggles

LG Electronics published its financial report for Q1 2019 and the mobile division numbers make for a grim reading. Revenue keeps falling with only KRW1.51 trillion ($1.34 billion) generated between January and March. This is 30% less on an yearly basis and 11% quarter over quarter. According to the official press release, the LG Mobile Communications Company managed to narrow its operational loss to KRW203.5 billion ($181 million) while in a process of rebuilding its smartphone business. Expectations are the launch of LG V50 ThinQ 5G will create a positive momentum in the second...

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