LG profit hit by smartphone rivals

LG Electronics reported a lower quarterly profit today as its mobile phone division sank to a loss, underlining the challenges for its smartphone business as it struggles with competition from Apple and Samsung.

LG Electronics reported a lower quarterly profit today as its mobile phone division sank to a loss, underlining the challenges for its smartphone business as it struggles with competition from Apple and Samsung.

The South Korean company said its April-June net income totalled 159 billion won (€114m) on revenue of 12.9 trillion won (€9.2m).

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