LG have great hopes for the 1st quarter of 2016

LG has shared the forecast profit for the 1st quarter of 2016, expecting to receive $ 441 million, which means a massive increase of 65.5% compared to the same period last year. This is not only a huge improvement compared to the financial position of LG in the past, the prognosis is also ahead of analysts’ expectations.

LG have great hopes for the 1st quarter of 2016

Of course, this income can not be attributed only to the sale of smartphones, despite the popularity of LG V10. Falling prices of displays for TVs and solid equipment sales are likely to impact on the rise, but we have to wait until the end of the month to get the final quarterly figures.

Unfortunately, this time luck will not last, and LG predicts 4.5% decrease in the 2nd quarter compared to the same period last year. The unique LG G5 prompted serious interest in the smartphone, although in recent debate about the plastic layer on the metal body LG G5 may slightly affect the sales.

Report LG appeared after the first Samsung profit outlook, according to which the company expects to receive $ 5.7 billion, despite the huge amount of 10% increase in earnings. Well, let’s hope that in this quarter the company will increase its profits.

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