LG Mobile revenues down 28% in Q1 after flagship launch delayed

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(Telecompaper) LG Electronics reported a sharp fall in results from its mobile phone business in the first quarter, after it delayed the launch of its next flagship phone. Revenues fell 27.7 percent year-on-year to KRW 2.16 trillion, and smartphone shipments were down 23 percent to 11.4 million. 
Source: Industry News (syndicated from Telecompaper.com)

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