LG Appliances and TV Earnings at Record Levels but No G5 Boost for Mobile Division

LG Appliances and TV Earnings at Record Levels but No G5 Boost for Mobile Division

South Korea’s LG Electronics Inc on Thursday posted its highest quarterly operating profit in two years, thanks to record appliances and television earnings that offset another loss for the mobile division.

The world’s second-largest TV maker behind SamsungElectronics Co Ltd said in a regulatory filing its April-June profit more than doubled from a year earlier to KRW 585 billion ($521 million), matching its earlier guidance.

LG said it expected July-September operating profit to be higher than the KRW 294 billion profit it reported a year earlier, while revenue would be similar to the 14 trillion won recorded in the third quarter of 2015.

Operating profit for the appliances division jumped 49 percent from a year earlier to a quarterly record of KRW 433.7 billion, the company’s top earner for the seventh straight quarter as sales of premium products continued to support margins.

LG’s TV division swung to a profit of 356.7 billion won, also a quarterly record, boosted by sales of high-end televisions and improved cost structure amid declining panel prices.

The mobile business continued to struggle, however, reporting a KRW 153.5 billion operating loss, the fifth straight quarter in the red as sales of the flagship G5 fell short of expectations.

The company in April guided for a sharp second-quarter rebound in mobile earnings on G5 sales. The phone was received positively by critics for allowing users to upgrade functions such as the camera through attachable modules.

But initial manufacturing problems undermined early momentum for the G5, analysts said, leading to disappointing sales.

The firm said the third quarter would remain difficult for the business though its performance would improve as new products launched.

LG’s second-quarter revenue rose 0.6 percent to KRW 14 trillion, matching its guidance for earlier this month.

© Thomson Reuters 2016

Tags: Home Entertainment, LG, LG Display, LG G5, Mobiles
[“Source-Gadgets”]

LG G5 Teardown Reveals a Lot of Plastic on Supposed ‘All-Metal’ Smartphone

LG G5 Teardown Reveals a Lot of Plastic on Supposed 'All-Metal' Smartphone

A teardown video of the LG G5 has surfaced on YouTube claiming that the smartphone, which at launched was marketed as an “all-metal” phone, may pack more plastic than actual metal.

YouTuber JerryRigEverything posted a video of an LG G5 teardown where he took apart the smartphone. While he found that the LG G5 scored well in terms of repairability, on checking the build discovered that the handset sported a thin layer of metal (aluminium) which was supplemented by a thick plastic layer. The YouTuber took a knife to shave away the back to reveal only pure plastic until he reached deep inside the phone.

The LG G5 has already wowed critics and users alike with its innovative removable battery and modular design, the surprising ans deceptive plastic layering however may become a deal breaker for some users considering there are plenty of all-metal phones available in the market.As we mentioned earlier, according to JerryRigEverything, the LG G5 scores well in repairability. “If you break the screen on your LG G5 smart phone, it is actually pretty simple to disassemble and replace. There is no glue or sealed parts that need special tools to remove,” he said.

To recall, LG’s flagship G5 went on sale in South Korea starting Thursday while users in the US could grab the handset starting Friday. LG had confirmed that it would launch the G5 flagship smartphone in India in the next quarter.

(Also see: LG G5 Top 5 Features: Modules, Dual Rear Cameras, and More)

The biggest highlight of the new LG G5 flagship is the modules or add-ons called the LG Friends, meant to signify the companion devices that can be attached to the G5. LG Cam Plus is a camera module that adds physical buttons for camera operations along with expanding the total battery capacity to 4000mAh. The Hi-Fi Plus module, co-developed by Bang & Olufsen, is a portable Hi-Fi DAC which can be used as a standalone portable DAC or with the G5 to enable 32-bit audio playback. The South Korean company can also be expected to showcase the companion devices in India with the LG G5 including LG 360 VR, LG 360 CAM, LG Rolling Bot, LG Tone Platinum, H3 by B&O Play, LG Smart Controller, and LG Friends Manager.

Download the Gadgets 360 app for Android and iOS to stay up to date with the latest tech news, product reviews, and exclusive deals on the popular mobiles.

LG G5

LG G5

Display

5.30-inch

Processor

2.1GHz

Front Camera

8-megapixel

Resolution

1440×2560 pixels

RAM

4GB

OS

Android 6.0

Storage

32GB

Rear Camera

16-megapixel

Battery capacity

2800mAh

See full LG G5 specifications
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Tags: Android, LG, LG G5, LG G5 Specifications, LG Mobiles, Mobiles, Smartphones
[“source-Gadgets”]

Samsung Galaxy S7, LG G5 revealed as companies try to revive smartphone sales

Samsung's Mobile Communications Business president, Dongjin Koh, unveils the S7 and S7 edge smartphones at the Mobile World Congress in Barcelona, Spain, on Sunday

Samsung’s Mobile Communications Business president, Dongjin Koh, unveils the S7 and S7 edge smartphones at the Mobile World Congress in Barcelona, Spain, on Sunday
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Samsung Electronics Co Ltd and LG Electronics Inc unveiled their latest smartphones at the Mobile World Congress industry show in Barcelona on Sunday, seeking to buck the slowdown in industry growth.

Phone makers face another tough year in 2016 as subdued global growth and persisting currency weakness in key emerging markets sap consumers’ spending power. A push by Chinese manufacturers to expand overseas amid slowing growth in their domestic market may also undercut margins further.

In a bid to recapture market share, Samsung launched two new versions of its Galaxy S smartphone and brought in Facebook Inc Chief Executive Mark Zuckerberg for a surprise appearance to tout the potential of virtual reality, prompting hundreds of people to rush to the stage to record the moment.

LG, which lost money from its mobile business last year as its flagship products struggled, introduced a modular design to its new G5 smartphones that allows users to replace or upgrade functions such as camera and audio independently.

It also launched a virtual reality headset and accessories including a drone controller to pair with the G5.

Analysts and investors cheered LG’s features, which they said were different enough to possibly revive sales, but were lukewarm about Samsung’s offerings, saying they only featured incremental upgrades.

“I think it’s possible for LG’s mobile business to recover on its new product launch, since they delivered significant changes with the G5,” said Seoul-based HDC Asset Management fund manager Park Jung-hoon. “The Galaxy S7, however, doesn’t seem to be creating as much buzz.” Samsung shares were down 1.3 per cent as of 0212 GMT, underperforming a 0.2 per cent fall for the broader market, while LG shares were up 3 per cent.

Revamps could prove key to smartphone makers as 2016 shapes up to be another tough year: Researcher TrendForce expects the smartphone market growth to slow to 8.1 per cent from 10.3 per cent a year earlier.

Margin pressures are also expected to intensify for the industry as Chinese manufacturers seek to expand overseas to counter slowing domestic demand.

Samsung on Saturday said its mobile payments service, Samsung Pay, will launch in China in March, a month after Apple launched its Apple Pay service in the world’s biggest smartphone market.

The company fell out of the top five in the world’s top smartphone market last year but hopes that its easy-to-use payments service will help it regain sales momentum.

“The challenge you have got in the smartphone market is breaking through all that sameness. From a design and functionality perspective, everything looks and feels the same,” said Bob O’Donnell, president of Technalysis Research. “So the challenge is finding things that stick out.”

[“source-Business-standard”]