LG Electronics has reported revenues of 13.99 trillion won (US$ 12.69 billion) in Q2 2015, which is 0.5% down compared to the same quarter last year with operating profit of 244.1 billion won (US$ 222.52 million), down 60% percent from the same period the previous year. Net profit was 226.4 billion won (US$206.38 million) during the quarter, down from 411.8 billion won a year earlier. Reason for less revenue is due to sluggish global TV market and intense competitive pressure, said the company. Continue reading “LG Q2 2015 profits down 60% YoY, 14.1 million smartphones shipped”