LG reports Q2 loss
LG Electronics Inc., the second largest Asian phone maker, reported a first loss following a 10 quarter winning streak. The loss follows a decrease in handset prices and liquid-crystal display sales disappointment.
Q2 2006 figures:
- The Q2 net loss was 9.7 billion loss was
- 15.3 million handsets were sold
LG forecasts Q3 sales to beat the Q2 phone sales by 10 percent.
LG Electronics Reports Its First Loss in 10 Quarters (Update5) [Bloomberg]
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