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LG Mobile Phone Division Reports 255 Billion Won Profit in Q1

April 22, 2009 in Wireless Industry News
The Cookie and KS360.

The Cookie and KS360.

And while that sounds like a lot, 255 billion South Korean won actually equates to about 181 million dollars USD. Gotcha! Still, parent company LG Electronics managed to post some decent numbers for the first quarter, with an overall profit of $324 million US dollars.

But we only care about the phones. And LG highlighted the two phones that made “strong” contributions to the bottom line in Q1: the LG Cookie and LG KS360. Both phones are mid-tier handsets, with the Cookie being one of the slimmest touch-screen phones out there (11.9mm), and the KS360 being your standard candy bar with sliding QWERTY keypad.

Other interesting numbers:

  • 3.92 trillion won in mobile phone sales (2.78 billion US dollars), up 22.6% from last year
  • Number of handsets shipped dropped 7% to 22.6 million units, compared to last year
  • Profit margin of 6.7%
  • Global market expected to decrease by 10% in Q2
  • Division will focus on “high-tier, feature-rich products” like the Arena, Xenon, Neon, GD900, and Viewty Smart

While the crappiness of Sony Ericsson’s Q1 earnings report is undeniable, it’s good to see that other phone manufacturers are doing well enough despite a rough global economy.

Press Release

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Tags

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Getcelly Geek
5/29/2009
11:36 pm

LG makes great phone models for Verizon. I use the LG Dare and have created some really cool slo-mo videos using the Hi-rate feature in its camera/video cam. The touch screen is not that great (nothing like the iphone) but the camera is worth getting.

paul
4/23/2009
8:47 am

Makes sense, since the LG Cookie in particular is a great phone. With great applications too. Coming in almost par with the Apple’s I-phone.

Reply to paul


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