LG mobile losses widen in Q2 as sales fall 19%

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(Telecompaper) LG Electronics saw losses at its smartphone business worsen in the second quarter, as the global market weakened and the company suffered from tough competition in the premium and mid-range segments. Revenues at the mobile division declined 19 percent year-on-year to KRW 2.07 trillion, and the operating loss widened to KRW 185 billion from KRW 140 billion a year ago and KRW 136 billion in Q1. 
Source: Industry News (syndicated from Telecompaper.com)

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