LG has recorded a net loss of $366 million, it announced yesterday, despite a record number of shipments for flat-screen televisions.
The figures show shipments of televisions rose by 37% to 6.6 million units, a record for a single quarter.
However, LG Mobile communications revenue fell by 30% year-on-year, “as a result of a decline in handset shipments across developed markets”.
LG shipped 28.4 million handsets during the quarter, which is a 32% decline over the year. However, it says the introduction of new Windows Phone models should help this area of the business.
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