LG Electronics has reported revenues of 14.56 trillion won (US$ 12.57 billion) in Q4 2015, a 3.8% increase compared to the same quarter last year with operating profit of 349 billion won (US$ 301.38 million), up 27% from the same period the previous year. For the whole 2015 operating income was 1.19 trillion won (US$ 1.03 billion), compared to 1.83 trillion (US$ 1.58 billion) in 2014 on revenues of 56.51 trillion won (US$ 48.8 billion), compared with 59.04 trillion won (US$ 50.98 billion) the previous year, mainly due to sluggish global market demand for TVs and softer growth of smartphone market. Continue reading “LG Q4 2015 profits up 27% YoY, 59.7 million smartphones shipped in 2015”