“LG in its summer results saw its mobile group worsen despite its shift to higher-end Android models,” Electronista reports.
“he group lost $128.47 million, more than twice what it had lost in the spring,” Electronista reports. “It didn’t say what had triggered the shortfall or how many phones it had shipped, although it has regularly seen its basic phone sales drop faster than it can compensate with smartphones.”
Electronista reports, “The firm’s cellphone drop might raise the possibility of LG being overtaken by Apple. It has already been losing share rapidly. Apple saw its own drop to 17.07 million iPhones as buyers waited for the iPhone 4S, but it saw a milder dip than it forecast where LG’s situation has exacerbated.”
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