NOTE: GrowthBeat -- VentureBeat's provocative new marketing-tech event -- is next week! We've gathered the best and brightest to explore the data, apps, and science of successful marketing. Get the full scoop here, and grab your tickets while they last.
Four words best summarize LG’s fourth quarter 2012: televisions, smartphones, and slight disappointment.
LG reported a $98.08 million profit for the quarter on $12.37 billion in revenue. Roughly half of that cash came from LG’s television business, which reported $5.91 billion in revenue.
The story is slightly more interesting for LG’s phone division, which reported $2.58 billion in revenue. LG shipped 15.4 million phones in the quarter, half of which were smartphones like the Optimus G and Nexus 4.
And this is where the disappointment comes in: LG’s smartphone numbers would have looked a lot better had LG been able to satisfy the insane demand that greed the Nexus 4. It’s a bittersweet realization, no doubt.
Fortunately, LG has since fixed the Nexus 4’s stock issues, which is pretty certain to spell good news for the company’s results this quarter.
Photo: Devindra Hardawar/VentureBeat