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LG reports disappointing Q3 results, handset sales down

Oct 27, 2011 Cellpex, United States, Ohio - admin

LG has posted its Q3 financial report and things aren't looking particularly good for the company. Sales are down both on year-on-year basis and sequentially and the conglomerate has actually lost some money over the past three months.

The sales of all LG divisions in the third quarter were just KRW12.9 trillion ($11.57 billion), which is 10.3% lower than what they achieved in Q2 and 4% than...

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