LG Mobile Communications today said it posted flat growth in sales to KRW 3.78 trillion or $3.26 billion in Q4 2015 – fuelled by North America.
LG shipped 15.3 million LG smartphones in the fourth quarter contributing to 59.7 million units in 2015 against 59.1 million in 2014.
“The smartphone marketplace is expected to be increasingly competitive in 2016 due to anticipated premium models from competitors and price competition within the mass tier space,” said LG in a statement.
LG said the introduction of two new flagship models and a more cost-competitive value chain is expected to improve profitability in 2016.
The total revenue of LG Electronics fell 4.7 percent to KRW 14.56 trillion or $12.57 billion in the fourth quarter of 2015.
editor@telecomlead.com