26.10.2011 08:50 Uhr, Quelle: Engadget

LG posts a net loss for Q3, loses ground in mobile sales

The Q3 numbers for LG are in, showing its cellphone unit lost money for the sixth straight quarter, with profits coming from its home appliance and air conditioning units. On the home entertainment side, it shipped more flat panel TVs than ever before (6.8 million) and despite lower revenues managed to improve operating profit by selling more of its high end Cinema 3D and LED-lit HDTVs. Unfortunately for the mobile division, sales were down 8.5 percent from last year and the company recorded a $128.47 million operating loss. Making things even worse, Reuters reports its main rival Samsung is expected to re

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