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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