LG's smartphone business saw positive trends in Q2 despite pandemic

LG Mobile Communications has struggled in recent years with constant losses and declining smartphone shipments. The situation was not that different in the second quarter of 2020, but for the first time in a long time, some positive trends were spotted.

LG cut its losses despite the global pandemic
The smartphone division at LG revenues of $1.07 billion (KRW 1.31 trillion) for the April-June quarter. Those numbers are down 18.63% versus the same quarter twelve months earlier, but that is actually not too bad considering the global pandemic.

The results also represent a significant …

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