• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Electrical Engineering News and Products

Electronics Engineering Resources, Articles, Forums, Tear Down Videos and Technical Electronics How-To's

  • Products / Components
    • Analog ICs
    • Battery Power
    • Connectors
    • Microcontrollers
    • Power Electronics
    • Sensors
    • Test and Measurement
    • Wire / Cable
  • Applications
    • 5G
    • Automotive/Transportation
    • EV Engineering
    • Industrial
    • IoT
    • Medical
    • Telecommunications
    • Wearables
    • Wireless
  • Learn
    • eBooks / Handbooks
    • EE Training Days
    • Tutorials
    • Learning Center
    • Tech Toolboxes
    • Webinars & Digital Events
  • Resources
    • White Papers
    • Educational Assets
    • Design Guide Library
    • Digital Issues
    • Engineering Diversity & Inclusion
    • LEAP Awards
    • Podcasts
    • DesignFast
  • Videos
    • EE Videos and Interviews
    • Teardown Videos
  • EE Forums
    • EDABoard.com
    • Electro-Tech-Online.com
  • Bill’s Blogs
  • Advertise
  • Subscribe

LG Electronics returns to profit on mobile, TVs

April 25, 2012 By The Associated Press

LG Electronics posted its first profit in three quarters, beating expectations thanks to a revival in its mobile business and demand for high-end TVs.

The South Korean company Wednesday reported net profit of 243 billion won ($213.3 million) for the January-to-March period. It had a loss of 15.8 billion won ($13.9 million) a year earlier.

Overall, sales fell 7 percent from a year earlier to 12.2 trillion won ($10.7 billion), but increased smartphone sales and strong demand for premium TVs in its home market shored up LG’s earnings.

The company’s quarterly operating profit more than tripled from a year earlier to 448 billion won ($393.4 million), beating a market consensus of 395 billion won ($346.8 million).

LG Electronics, whose handset business lost 286 billion won ($251.1 million) in 2011, is slowly regaining competitiveness with the introduction of its Optimus series of smartphones and by allocating more resources to lucrative high-end phones.

Its mobile communication business, which includes handsets, lost money for six straight quarters between April 2010 and September 2011, while its hometown rival Samsung Electronics quickly played catch-up with Apple.

In the first three months of this year, LG’s handset business posted a 35.2 billion won ($30.9 million) operating profit, a big improvement from a loss of 101 billion won ($88.7 million) a year earlier.

Despite tepid TV demand in Europe and other developed countries, LG’s TV-making unit posted an operating profit that nearly doubled from a year earlier. The improvement was largely driven by strong sales of its premium 3-D TVs in South Korea, the company said.

You Might Also Like

Filed Under: Telecommunications

Primary Sidebar

EE Engineering Training Days

engineering

Featured Contributions

zonal architecture

Addressing zonal architecture challenges in the automotive industry

zonal architecture

Addressing zonal architecture challenges in the automotive industry

A2L refrigerants drive thermal drift concerns in HVAC systems

Why outdoor charging demands specialized battery connectors

How Li-ion batteries are powering the shift in off-highway equipment

More Featured Contributions

EE Tech Toolbox

“ee
Tech Toolbox: 5G Technology
This Tech Toolbox covers the basics of 5G technology plus a story about how engineers designed and built a prototype DSL router mostly from old cellphone parts. Download this first 5G/wired/wireless communications Tech Toolbox to learn more!

EE Learning Center

EE Learning Center
“ee
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for EE professionals.
“bills
contribute

R&D World Podcasts

R&D 100 Episode 10
See More >

Sponsored Content

Designing for Serviceability: The Role of Interconnects in HVAC Maintenance

From Control Boards to Comfort: How Signal Integrity Drives HVAC Innovation

Built to Withstand: Sealing and Thermal Protection in HVAC Sub-Systems

Revolutionizing Manufacturing with Smart Factories

Smarter HVAC Starts at the Sub-System Level

Empowering aerospace E/E design and innovation through Siemens Xcelerator and Capital in the Cloud

More Sponsored Content >>

RSS Current EDABoard.com discussions

  • Finding past posts on edaboard?
  • I think i have devised a new type of "super_transformer" for the Electricity grid?
  • Industrial Relay Board Design for Motorcycle Use
  • sequence detector FSM design
  • Need suggestions in task NI6363 retrigger (analog trigger)

RSS Current Electro-Tech-Online.com Discussions

  • Sump pit water alarm - Kicad 9
  • Pic18f25q10 osccon1 settings swordfish basic
  • Anyone jumped from Easyeda std to Easyeda pro?
  • turbo jet fan - feedback appreciated.
  • More fun with ws2812 this time XC8 and CLC
Search Millions of Parts from Thousands of Suppliers.

Search Now!
design fast globle

Footer

EE World Online

EE WORLD ONLINE NETWORK

  • 5G Technology World
  • Analog IC Tips
  • Battery Power Tips
  • Connector Tips
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Engineer's Garage
  • EV Engineering
  • Microcontroller Tips
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips

EE WORLD ONLINE

  • Subscribe to our newsletter
  • Teardown Videos
  • Advertise with us
  • Contact us
  • About Us

Copyright © 2025 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy