LG Electronics has reported revenues of 13.36 trillion won (US$ 11.12 billion) in Q1 2016, down 4.5% compared to the same quarter last year with operating profit of 505.2 billion won (US$ 420.25 million), up 65% from the same period the previous year, mainly due to 55% YoY growth in Car Infotainment business. Continue reading “LG Q1 2016 profits up 65% YoY despite 15.5% drop in mobile revenue”