LG Electronics posted a second quarter operating income of US$588.2 million, no thanks to the mobile department which recorded a net loss of US$-117.27 million. LG attributes the mobile loss to lower than expected sales of their premium smartphones, despite a 13% improvement in North American sales of their product line.
https://www.notebookcheck.net/LG-Mobile-posts-a-loss-says-premium-smartphone-sales-weaker-than-expected.237644.0.html