LG Electronics has reported revenues of 14.03 trillion won (US$ 12 billion) in Q3 2015, 4.7% down compared to the same quarter last year with operating profit of 294 billion won (US$ 251.5 million), down 36.77% from the same period the previous year. Net profit was 124.8 billion won (US$ 106.76 million) during the quarter, down from 202.7 billion won a year earlier. Reason for less revenue is due to weak smartphone sales, but it reported strong earnings in home appliances and high-end televisions. Continue reading “LG Q3 2015 profits down 37% YoY due to weak smartphone sales”