LG Electronics has reported revenues of 14.92 trillion won (US$ 13.27 billion) for the first quarter that ended March 31st, 2019, which is down 1.3% compared to the same quarter last year, as expected. It posted profits of 900.6 billion won (US$ 801.25 million), down 18.7% YoY, while net profit was down 20.8% YoY to 578 billion won. Decrease in profits is primarily due to lackluster sales in mobile business. Continue reading “LG Q1 2019 profits down 20.8% YoY due to weak smartphone sales”