LG Q1 earnings come in lower than last year, but phone sales are up

LG Q1 earnings come in lower last year, but mobile business is improved

LG has released its earnings report for the first quarter of 2013, and while they were down overall from last year, there is good news to report for its phones. A net profit of $20.3 million is lower than Q1 2012's $214 million, and Q4's $80.75 million, blamed on weaker earnings in its home theater business. The good news is reserved for phones, where sales were up 30 percent from last year thanks to devices like the Optimus G (original, Pro and Nexus 4) and L series. We'll keep digging through the numbers for more details, check the source link below to take a look for yourself.

Filed under: Cellphones, Home Entertainment, HD, Mobile, LG

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Source: LG Korea, LG Q1 2013 earnings (PDF)

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