With the start of 2018, many companies begin to show their financial results corresponding to the last months of 2017. These figures are an indicator to know not only what is happening inside the firms, but also to see what the direction that certain formats may be taking over time. As we have mentioned on other occasions, consumer electronics change rapidly, and that is also manifested in the economy of the sector.
One of the first that has already taken stock has been the South Korean LG. Below we will see what has been the highlight in the direction of this technology at the end of 2017 and we will also try to verify where the greatest benefits come from, but also which segments of the company have experienced some losses that may have an impact in the short term. .
Data
As collected from GSMArena, the mobile division of LG closed 2017 with losses about 197 million of dollars. This data, although at first glance it may seem negative, it is not so negative if we take into account that in the previous three months, the figure reached 331 million. The one that seems the great winner and the one that continues to ensure good results is the image and electrical appliances. Together, the entire company had revenues of close to $ 55.000 billion throughout the year.
The current context of LG
Perhaps, these accounts have been key to the decision that the Asian technology took just a few weeks ago. In the middle of the month we told you that the brand had decided hit the brakes and launch fewer mobiles every year. A possible saturation of the market and a greater focus on the firm's flagship models, seemed to be the causes that led to this measure. Do you think that this new strategy can reverse the results and lead the smartphone section to improve the figures?
The short term
As we have mentioned on other occasions, making predictions in consumer electronics is very risky. In the case of LG, 2018 has started with other important novelties, among which we would find the incorporation of Android Oreo in one of its latest models: The European version of the G6 and also, the presentation of some more supports in the first technology fairs of the year. What do you think? Do you think the firm will have a good year, or is it still too early to take stock? We leave you available related information such as, the devices that Samsung could sell this year, one of its main rivals, so you can give your opinion.