According to research by the site Engadget, LG is losing money because of its branch of mobile equipment. Which is not surprising given the low sales of the LG G5
The conglomerate of Seoul is quite healthy financially, selling about 11,800 million dollars annually with profits exceeding the $ 257 million. But it is no wonder, the brand sells refrigerators, washing machines, televisions and all kinds of accessories for the home and the enterprise, in addition to manufacturing for example, lenses of, or 7 iPhone cameras.
Unfortunately, the reality in the area of mobile company shows a fall in the total profits of the company close to 400 million dollars for fourth annual. Probably the mistakes made with the latest flagship of the company be remedied next year when the brand returns to the more traditional designs.
