LG published a financial report for the 4th quarter

LG has released its financial results for the 4th quarter of 2015. The manufacturer has reported on the number of smartphones sold and the profit for the period.

LG published a financial report for the 4th quarter

From the report it follows that from October to December, the company sold 15.3 million smartphones. Thus, for the whole year the South Korean manufacturer sold 59.7 million units, more than 59.1 million units sold in 2014.

Of the 15.3 million units, LG sold in the last quarter, nearly 11 million accounts for LTE-model, and this is the first time quarterly sales of LG smartphones with LTE crossed the 10 million mark.

LG mobile division reported revenue of $ 3.26 billion in the 4th quarter. Although this indicator has decreased by 0.4% compared with last year, is 12% higher compared to Q3 2015. This was made possible thanks to the improvement of smartphone sales in the North American market, in particular, LG V10.

Speaking of LG Electronics as a whole, in the 4th quarter net loss was $ 117 million, compared with $ 169 million deficit in the same quarter in 2014. For the entire 2015, net income was $ 210 million.

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