LG Electronics has reported revenues of 15.77 trillion won (US$ 13.99 billion) for the fourth quarter that ended December 31, 2018, which is down 7% compared to the same quarter last year, as expected. It posted profits of 75.7 bilion won (US$ 67.1 million), down 79.3% YoY, while net profit was down 80.7 billion won from 182.8 billion won a year earlier. Decrease in profits is due to primarily due to lower sales of mobile products, said LG. Continue reading “LG profit down 80% as smartphone sales continue to decline in Q4 2018”
