Wednesday, July 28, 2010

LG profits down thanks to its lame smartphones


LG Electronics saw its profits tumble for the second quarter thanks to poor performances by its TV and handset divisions. It looks like smartphones like the LG Ally just aren’t going to cut it in a market filled with Android superphones the likes of the Samsung Galaxy S, Motorola Droid X, HTC EVO 4G and the Apple iPhone 4.

It was by no means an awful quarter, as the company reported a net profit of about $106.6 million but that was a drop of about 33% from the same period last year. For today, though, we’ll focus just on LG’s mobile division as we’re not IntoTVs or IntoLCDs.

The company is still the third-largest phone maker in the world behind Nokia and Samsung, as it shipped 30.6 million million phones for the quarter. But it’s increasingly becoming a smartphone world and LG is nowhere to be found in the high-end category dominated by Apple, HTC and Samsung. Do you really think the LG Ally belongs in our Superphone Shootout? Yeah, me neither.

Read More @ intomobile.com

 
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