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LG released a statement earlier which claimed it sold 15.4 million mobile phones in the fourth quarter of 2012, giving them a total revenue of $2.58 billion in the same period. 8.6 million were smartphones, and 100% of those were running one version of the Android operating system of another.

 

LG has now projected they can sell at least 3 times that much in 2013, and have been quoted as saying 45 million new devices should hit the market by this time next year, some of which may even feature the Windows 8 platform instead of Android this time around.

 

LG Electronics Inc. (LG) today announced consolidated revenues of KRW 50.96 trillion (USD 45.22 billion) and a net profit of KRW 91 billion (USD 80.75 million) for full-year 2012. Despite a 6 percent revenue decrease from 2011, operating profits increased significantly in 2012 to KRW 1.14 trillion USD 1.01 billion) from KRW 379 billion (USD 342.06 million) in full-year 2011.



Fourth quarter 2012 consolidated revenues were KRW 13.50 trillion (USD 12.37 billion) with an operating profit of KRW 107 billion (USD 98.08 million). Unaudited consolidated financial results for the fourth quarter ending Dec. 31, 2012 showed a net loss of KRW 468 billion (USD 428.96 million) which reflects a fine related to alleged cathode-ray tube pricing issues imposed by the European Commission in December.



The LG Home Entertainment Company reported record sales of flat-panel TVs with 9.3 million units in the fourth quarter resulting in a 17.4 percent revenue increase quarter-on-quarter to KRW 6.44 trillion (USD 5.91 billion) and full-year operating profit of KRW 542 billion (USD 480.92 million). Revenues from 3D and Smart TVs increased with higher unit sales in the United States, Europe and CIS countries. Although the Home Entertainment Company had the strongest quarter of the year in terms of revenue, profitability declined somewhat due to lower average selling prices and increased competition. LG will continue to aggressively market 3D and Smart TVs and plans to expand its share of the premium TV segment in 2013 with Ultra HD TVs and OLED TVs.



The LG Mobile Communications Company reported a 7 percent unit increase quarter-on-quarter in mobile handset shipments to 15.4 million with more than half of the units coming from smartphones. Smartphone shipments grew 23 percent compared to the previous quarter, increasing to 8.6 million devices from the 7 million in the third quarter. Fourth quarter revenues were the highest of the year, growing 15 percent to KRW 2.81 trillion (USD 2.58 billion) quarter-on-quarter. Sales of premium LTE smartphones such as Optimus G and Vu:2 increased in the fourth quarter, as did the L-series and Google Nexus 4. With more European and emerging markets introducing LTE services this year, LG plans to increase smartphone revenues and market share by launching follow-up devices to Optimus G and the L-series as well as the new F-series.



The LG Home Appliance Company posted almost flat revenues year-on-year, with sales of KRW 2.94 trillion (USD 2.7 billion) in the fourth quarter as strong sales in the U.S. and CIS countries were largely offset by sluggish demand in Europe, the Middle East and Latin America. Profitability was affected by unfavorable foreign exchange rates and increased marketing investments, even though average selling prices for home appliance products rose in the fourth quarter. The company plans to improve its revenue and profitability in 2013 with more competitive products, advanced technologies and a stronger focus on profitable regions.



The LG Air Conditioning & Energy Solutions Company reported sales of KRW 683 billion (USD 626 million) in the fourth quarter, essentially unchanged year-on-year. An operating loss of KRW 11 billion (USD 10.08 million) in the quarter showed improvement from the same period last year due to operational efficiencies. For full-year 2012, the company recorded revenues of KRW 4.35 trillion (USD 3.86 billion) and operating profit of KRW 156 billion (USD 138.42 million). The priority in 2013 will be to introduce more energy-efficient and localized products to bolster revenue growth.


 

Source: LG Press Release

Tags: updates quarterly review 


Samsung's new Galaxy S4 smartphone has made it off the production line and onto the iFixit operating table.  It reveals that Samsung barely tweaked the exterior design of the Galaxy S4. That plastic casing can be replace much of its guts without much hassle. 


Straight away, the iFixit team were pleased to discover that Samsung have bestowed the S4 with a user-removable battery. All that's needed to get into the handset is a sturdy fingernail to get into the device, after which the 3.8V and 2600mAh (9.88Wh) battery can be removed by hand.


According to iFixit, the Galaxy S4's internal construction is "is very similar, if not identical, to the Galaxy S III" which means that it is a quite an easy device to fix should something break or stop working. The battery is user-replaceable, and the internal components easy to access, with only 11 Phillips #0 holding the device together.


Full article: ifixit


 



 

 

A petition that seeks to make the administration to review the Digital Millennium Copyright Act and legalize cellphone unlocking has breached the target number of signatures of 100,000 on February 21, 2013. It can be recalled that a consumer from San Francisco started disseminating the petition online on January 24th to seek the help of the White House in reversing the decision to limit the use of a locked device to a particular carrier.


The petitioner argues that the changes to the Digital Millennium Copyright Act decrease the value of the devices when resold, as well as the choices for consumers to select their desired devices and networks. Since the petition has earned its 100,000th signature, the WH will not be compelled to review it, explain the reason for it and make possible recommendations, if only necessary. It may or may not result to legalization of unlocking or total scrapping of the petition.


More info: WhiteHouse.gov

 

 



Rovio has released a new Angry Birds game called Angry Birds Friends. It has Facebook integration and focuses more on playing with friends than playing alone. If you haven't tried it yet, we've taken a closer look to show you what it's all about.


In this FREE new game, you can use your phone to challenge your Facebook friends for the title of ultimate pig popper and bird flinger! Play in weekly tournaments with your friends and see if you can snag the coveted bronze, silver and gold trophies. Plus, gather daily rewards, send and receive gifts, and brag about your accomplishments! And if you're playing Angry Birds Friends on Facebook, your tournament progress will automatically be updated, so you can continue playing wherever you are!


Features:


  • - Tournaments with new levels every week!
  • - Challenge your Facebook friends for bronze, silver, and gold trophies!
  • - Brag, send gifts, and invite your Facebook friends to play!
  • - Four classic power-ups, plus one exclusive to Angry Birds Friends on mobile!
  • - Daily rewards!
  • - Free bird-coins just for completing the tutorial!
  • - Syncs automatically with your game on Facebook!






 


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