LG Electronics reported its financial results in the second quarter of this year. The subdivisions dealing with domestic appliances showed good profits, and the subdivision of the components of cars showed a small loss due to extensive investments in a new direction, only beginning to make a profit. As for LG Mobile, it is the least commercially successful unit: with revenue of $ 2.39 billion, the company has an operating loss of $ 117.27 million. The results are almost the same as in the same period of the previous year. What are the reasons for LG's mobile business failures?.

The company blames all bad sales of premium smartphones (first of all, the LG G6 line belongs to them) and the growing cost of components. At the same time, the company notes that it remains successful in the North American market, where sales grew by 13% due to the success of available devices. The company expects that in the second half of the year the situation will improve. This should help a new line of not very expensive smartphones LG Q and the flagship device, until the announcement of which remained a few weeks (obviously, the speech about the LG V30, which is announced on August 31).