LG has sold 100 million phones in 2008
The company LG Electronics has announced consolidated financial results for the fourth quarter of 2008. The results of the company by sales and profits from sales at the global level, increased by 22.5 percent compared with the same period last year and reached 13.37 trillion won (9.82 billion dollars) and 101 billion won (74.16 million dollars) , respectively, set profit margins at 0.8 percent.
Mobile Communication Unit has reached sales of 4.49 trillion won (3.3 billion dollars), an increase of 34.6 per cent higher than the results of last year. In the segment of mobile phone revenue from sales amounted to 4.09 trillion won ($ 3 billion), higher at 40.3 per cent of the results of the same period last year and 16.5 percent the previous quarter. On the phone registered a growth of 8 percent over the same period last year to 25.7 million units, ensuring the result of sales of more than 100.7 million units in 2008 compared to 80.5 million units in 2007.
Sales have remained stable in Europe and Asia, despite the slowdown in economic growth. In Europe, were presented to the new model: LG Renoir KC910, (8-IP kamerofon), LG Cookie KP500 (phone with touch screen) and the LG KS360 (with a QWERTY-keyboard). Also, compared with the previous quarter, increased sales in India by strengthening the work in Asia. In the mobile phones unit profit margin from sales fell from 8.8 per cent, compared with the same period last year, and 11.5 per cent in the previous quarter to 5.2 percent, was due to an increase in marketing activity to minimize the residual in warehouses at the end of the year .
While the global economic slowdown, according to expectations, will continue in 2009, the business purpose of LG is growing and expanding market share through the issuance of multi-premium-class phones, smartphones and budget models.
Mobile Communication Unit has reached sales of 4.49 trillion won (3.3 billion dollars), an increase of 34.6 per cent higher than the results of last year. In the segment of mobile phone revenue from sales amounted to 4.09 trillion won ($ 3 billion), higher at 40.3 per cent of the results of the same period last year and 16.5 percent the previous quarter. On the phone registered a growth of 8 percent over the same period last year to 25.7 million units, ensuring the result of sales of more than 100.7 million units in 2008 compared to 80.5 million units in 2007.
Sales have remained stable in Europe and Asia, despite the slowdown in economic growth. In Europe, were presented to the new model: LG Renoir KC910, (8-IP kamerofon), LG Cookie KP500 (phone with touch screen) and the LG KS360 (with a QWERTY-keyboard). Also, compared with the previous quarter, increased sales in India by strengthening the work in Asia. In the mobile phones unit profit margin from sales fell from 8.8 per cent, compared with the same period last year, and 11.5 per cent in the previous quarter to 5.2 percent, was due to an increase in marketing activity to minimize the residual in warehouses at the end of the year .
While the global economic slowdown, according to expectations, will continue in 2009, the business purpose of LG is growing and expanding market share through the issuance of multi-premium-class phones, smartphones and budget models.
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