LG Electronics' latest quarterly report stressed that global television weak demand and intense competition in the smart phone's electronics manufacturers are facing the challenge of weakening profits.
Wednesday's results show that in April-June net profit of 155.5 one billion won (about $ 1.4 million) decreased by 8%, or even LG's revenue grew by 10%, from last year's 15.2 trillion won (U.S. $ 13.6 one billion).
LG's TV sales improvements and smart phone sales reached 12.1 million handsets, a quarterly high.
It is not enough to create greater profits as consumers snap up cheap equipment manufacturers lower margins.
Soft TV demand combined with competitive prices depressed TV.
Although the 5th smartphone vendor LG mobile device is not a cash cow. Its cheaper smart phones are very popular, but it is also burdened the company's marketing costs.
 



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