LG Mobile’s Q3 2017 Financial Report Shows a Loss of ~$331.37 million HMD...

 
 
 
LG Mobile's Q3 2017 Financial Report Shows a Loss of ~$331.37 million HMD...

 
xda-developers
Oct 26, 2017 11:30 PM • by Doug Lynch
LG Mobile's Q3 2017 Financial Report Shows a Loss of ~$331.37 million

As we enter the fourth quarter of 2017, we'll begin seeing a number of new financial reports published for various smartphone OEMs around the world. Companies like LG, Sony and HTC have proved that it is tough to make a profit in the smartphone market and that hasn't changed for LG. The company just released their financial report data for the third quarter of this year and the mobile division itself posted a loss of KRW 375.3 billion (which is about $331.37 million).

This is definitely one of the worst quarters the company's mobile division has had in the last year. Using data straight from the company, we can see Q3 of 2017 was the third worst quarter the mobile division has had in recent years. The only two quarters that come close is Q3 and Q4 of last year when their mobile division lost even more than what they did in Q3 of this year. Sadly, since the second quarter of 2015, LG's mobile division has only been able to bring in a profit for one quarter.

That was Q1 of this year when they posted $3.2 million in profit for those three months. This was the quarter they had launched the LG G6 but the sales were likely due to the LG V20 that the company had launched the previous quarter. Still, even though their mobile division lost $331.37 million this past quarter, it's actually a 13% increase when compared to the same quarter last year. Even with this massive loss though, they were able to ship 13.7 million units within the division and this is only a slight decrease YoY.

A few months ago the company announced the G6 wasn't selling as well as expected so this information was to be expected. Especially considering the fact that they were investing in the launch of their new LG V30 which is slated to be released globally soon. So it's possible that LG will be able to pull in a profit next quarter if the LG V30 performs well, but it certainly has a lot of competition to deal with.


Via: TechCrunch Source: LG Newsroom




Android Advices
Oct 26, 2017 3:26 PM • by Pavan Kumar B.C
HMD confirms Nokia 3, 5 and will be able to test Android 8.0 Oreo beta

HMD has announced Nokia phones beta labs which is a programme that will give early access to the beta builds of the upcoming Android 8.0 Oreo operating system. Earlier the company said that the programme will be available only for Nokia 8 users but later cleared it by saying it will be starting with Nokia 8 and will be followed by Nokia 3, 5 as well as 6. This Nokia phones beta labs is free and this beta phone can be downloaded by any of the users mentioned.

nokia

Since this is just a beta programme, we cannot expect it to be stable and can expect many glitches. The stable Android 8.0 Oreo is expected to hit these Nokia smartphones by the end of this year. Moreover, other Nokia devices in different regions are getting updated with Android 7.1.2 which should be downloaded and installed as instructed. Coming to the Nokia 8, the handset will sport a 5.3-inch display with 1440 x 2540 pixels resolutions and has a Corning Gorilla Glass 5 protection on top.

The handset is IP54 rated for dust and splash resistance and comes with the always on display. Under the hood, there is Qualcomm Snapdragon 835 processor, coupled with 4GB / 6GB of RAM. On the front, there is a 13MP sensor while the rear side has dual 13MP cameras with laser and phase detection. It also has dial tone LED flash and sports Carl Zeiss optics which Nokia has been using for a long time. There is also a fingerprint sensor on the front to enhance the security levels.

The Nokia 8 will be available in Tempered Blue, Polished Blue, Polished Copper, and Steel color variants and has 3090mAh non-removable battery. Being a flagship device for the company we can expect it to get the first updates, before other handsets from the company. Are you going to install this beta programme? Do you own any of these devices? Comment in the section below and stay tuned for more.

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