LG Q3 financial results are out, reports a profitable quarter a ‘solid’ $138.57 million net profit for Q3

LG comes to publish its financial report for Q3 2012 and the news are mostly positive. The company has been described its performance as “solid” and while it didn’t report huge profit at least it’s in the black.

The overall net profit is reported at 157 billion Korean won ($138.57 million), which is $1.8 million lower than in Q2, but is still great news for LG.

The LG mobile division managed to ship 14 million smartphones, which is a 9 percent increase over the previous quarter. The revenue from the mobile communications department is also up by 5 percent on a quarter basis adding up to 2.5 trillion Korean won ($2.26 billion).

One of the main reasons for the growth are the company’s newly introduced LTE droids, which sell particularly well in Korea, Japan and the US. The L-series of phones have also contributed to the positive results.

For the Q4 2012, the company says that it has set the groundwork to improve sales thanks to the launch of the Optimus G and Optimus Vu 2 in Korea. It also acknowledges that R&D and marketing expenses have increased, but it’s still turning up profits thanks to “improved product mix” and “cost structure”.

:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

Official Press Relase

LG ANNOUNCES THIRD-QUARTER 2012 FINANCIAL RESULTS

Company Reports Third Consecutive Quarter of Solid Net Income

SEOUL, Oct. 24, 2012 –- LG Electronics (LG) today reported a solid third-quarter performance with the third consecutive quarter of positive net income and all four companies recording strong operating profits. Better-than-expected performance in the mobile and home appliance businesses helped offset a slight decline in overall year-over-year sales for the third quarter.

Third-quarter net profit of KRW 157 billion (USD 138.57 million) with operating profit recording KRW 221 billion (USD 195.06 million) showed significant improvements from the loss in the same period last year. Third-quarter revenues fell 4 percent year-over-year to KRW 12.38 trillion (USD 10.93 billion) due to the continuing decline of feature phone sales and overall weak demand.

LG Home Entertainment Company third-quarter 2012 sales of KRW 5.49 trillion (USD 4.84 billion) were led by an increase in LCD TV sales, offsetting sluggish global demand. Percentage sales attributed to 3D TVs and LED TVs increased quarter-on-quarter with unit sales growing in most regions. IT products led by IPS monitors and monitor TVs also increased from the previous quarter. Operating profit of KRW 89 billion (USD 78.55 million) was unchanged from third quarter 2011. In the fourth quarter, the company plans to increase sales of LCD TVs by expanding marketing of CINEMA 3D Smart TVs and enhancing its premium brand positioning with the new Ultra HD TV.

LG Mobile Communications Company improved significantly in the 2012 third quarter, recording operating profit of KRW 22 billion (USD 19.42 million) due in large part to healthy sales of LTE smartphones in Korea, Japan and the United States. In addition, Optimus L-Series continued to expand into 3G markets, contributing to the sales increase. Revenues increased by 5 percent quarter-to-quarter to KRW 2.45 trillion (USD 2.16 billion) as shipments exceeded 14 million units, an increase of 9 percent from the previous quarter. The company expects to further increase its shipments and revenue in the fourth quarter with the global launch of the Optimus G superphone and sales of Optimus Vu: 2 in Korea.

LG Home Appliance Company reported improved sales and operating profit from the same quarter last year. Revenue increased 6.4 percent year-over-year to KRW 2.87 trillion (USD 2.53 billion) and operating profit of KRW 129 billion (USD 113.86 million) reflected strong sales in the United States as well as emerging markets. With global appliance demand stagnant, the fourth quarter will be challenging but additional marketing promotions and new model launches should help offset the situation.

LG Air Conditioning and Energy Solution Company posted a 3 percent year-over-year sales decline to KRW 974 billion (USD 859.66 million) while profitability increased slightly from the same period the previous year. The company expects worldwide demand to remain sluggish but the trend toward more energy efficient products should help drive demand in its commercial air conditioning systems business.

2012 3Q Exchange Rates Explained
LG Electronics’ unaudited quarterly earnings results are based on IFRS (International Financial Reporting Standards) for the three-month period ending September 30, 2012. Amounts in Korean Won (KRW) are translated into U.S. Dollars (USD) at the average rate of the three-month period in each corresponding quarter: KRW 1,133 per USD (2012 3Q) and KRW 1,082 per USD (2011 3Q).

Earnings Conference and Conference Call
LG Electronics will hold a Korean language earnings news conference on October 24, 2012 at 16:00 Korea Standard Time at the LG Twin Tower Auditorium (B1 East Tower, 20 Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea). An English language conference call will follow on October 25, 2012 at 10:00 Korea Standard Time (01:00 GMT/UTC). Participants are instructed to call +82 31 810 3069 and enter the passcode 9084#.
The corresponding presentation file will be available for download at the LG Electronics website
(www.lg.com/global/ir/reports/earning-release.jsp) at 13:30 on October 24, 2012.
Please visit http://pin.teletogether.com/eng/ and pre-register with the passcode provided. For those unable to participate, an audio recording of the news conference will be available for a period of 30 days after the conclusion of the call. To access the recording, dial +82 31 931 3100 and enter the passcode 142670# when prompted.

Via : LG (PDF)

LG Nexus 4 name confirmed via EXIF info, Pictures landed on Picasa

 

The purporting LG Nexus 4 has surfaced another time, this time is a pictures purporting to be from the LG Nexus have shown up before, but their EXIF data referenced the “Mako” codename. This is the first time we’ve seen pictures tagged “Nexus 4,” a name first heard when leaked in retailer listings. French newspaper Le Figaro has claimed the Nexus 4 will be revealed on October 29th.

This embedded image information is very easy to fake or tweak, mind you, so we may see more developments on the subject of the next Nexus’ name.

Remember that rumors says that the Nexus 4 packs a Snapdragon S4 Pro chipset with four ferocious Krait cores inside, an 8 MP snapper, 2 GB worth of RAM and a 4.7 True-HD IPS display of 768 x 1280 pixels resolution and most importantly, has Android 4.1.2 Jelly Bean on tap.

An unverified October 29 date has been pinpointed as the day Google will step forth and unleash the Nexus 4 to the world.

We’ll keeps you updated when the event will take place.

 

Source : Droidlife

Purported LG Nexus 4 / LG E960 Mako gets a full blown review

The rumored LG Nexus 4 / LG E960 Mako keeps talking about himself. After teasing us with a few images every other day, Belarusian website Onliner.by has now uploaded a full review of what has come to be known as the LG Nexus 4. After the some leaked camera samples by the Belarusian site Onliner.by, it’s time for a benchmark.

This slideshow requires JavaScript.

The Nexus 4 disappoints in the synthetic benchmarks department. The AnTuTu and Quadrant scores are way low for something with a quad-core Snapdragon S4 and 2GB of RAM under the hood and even slower than the scores of the international One X with the Tegra 3 processor.

All of this can be put down to this being a prototype device and things could improve considerably in the final version. That could also explain why this particular unit had just 8GB of internal memory. With the launch of the next Nexus being said to be on October 29, we don’t have to wait long to find out what the real deal would be like.

To read the full review of this prototype, click on over here.

Purported LG Nexus 4 / LG E960 Mako samples

The rumored LG Nexus 4 / LG E960 Mako is spotted again, but this time we have some samples of it’s 8MP sensor. And here’s the shots.

This slideshow requires JavaScript.

The alleged LG Nexus 4 / LG E960 Mako : spotted in other HQ pictures by the Belarusian tech site

The rumored LG Nexus 4 / LG E960 Mako is spotted again in some leaked photos by the Belarusian site Onliner.by, that has snapped some highquality pictures of the prototype unit. And this time we can see in the pictures a comparaison between the the Galaxy Nexus & the LG Nexus 4, and we can see from the images just how similar the LG Nexus 4 is to the Galaxy Nexus. The all-black, featureless face has become a signature of the Nexus line of phones since the Nexus S. The Nexus 4 looks practically identical to the Galaxy Nexus from the front, save for a chrome ring around the bezel. It even has the notification LED in the same place as the Galaxy Nexus.

                                   

On the left-LG Nexus4,right-Galaxy Nexus          Galaxy Nexus - LG Nexus 4

This slideshow requires JavaScript.

According to the site the specs match many of the previous leaks, and says that the LG Nexus will be similar to the Optimus G, will have a 1.5GHz quad-core Qualcomm Snapdragon CPU, a 4.7-inch display (1280×768) of resolution, a 2GB of built-in RAM, and has only 8GB of built-in storage, an 8MP camera. And runs the newly-released Android 4.1.2 .

Via : Onliner (Belarusian)

Another leaked images of the LG Nexus 4 phone (E960 Mako) ?

The rumored LG Nexus 4 or E960 Mako is spotted again in some leaked photos, and it’s turn of the Belarusian site Onliner.by to snap some pictures of the prototype unit. According to the site the specs match many of the previous leaks, and says that the LG Nexus will be similar to the Optimus G, gathering a 1.5GHz quad-core Qualcomm Snapdragon CPU, a 4.7-inch display (1280×768) of resolution, a 2GB of built-in RAM, and has only 8GB of built-in storage, an 8MP camera. And runs the newly-released Android 4.1.2 for now, so unfortunately until now there’s no mentions of an Android 4.2 .

So like always take this rumors with a pinch of sault, because until now we don’t have any officialisation not from Google nor LG, but at this rate we’ll probably have more details at any time.

Via : Onliner (Belarusian)

Android 4.1.2 goes official

Back to previous rumor we’ve been seeing a mysterious Android 4.1.2 update mentioned in a unreleased devices in the past few hours.

Now Google makes thing in the right way, and released the new Android OS updates, carrying the digits 4.1.2 .

Google’s Android Open Source Project chief engineer Jean-Baptiste Queru has posted word via the Android Building group that version 4.1.2 of Android is being released to the Android Open Source Project (AOSP) today.

Here’s the words :

” We’re releasing Android 4.1.2 to AOSP today, which is a minor update
on top of 4.1.1.
As a note to maintainers of community builds running on Nexus 7:
please update to 4.1.2 at the first opportunity. Future variants of
the grouper hardware will have a minor change in one of the components
(the power management chip) that will not be compatible with 4.1.1.The build number is JZO54K, and the tag is android-4.1.2_r1.

Enjoy,
Conley and JBQ
—
Jean-Baptiste M. “JBQ” Queru
Technical Lead, Android Open Source Project, Google. ”

Still, we haven’t seen the update reach our own devices yet, however some Nexus 7 owners already report getting 4.1.2 on their tablets with a pleasant surprise in store: in addition to the expected bug fixes and performance boosts, the software lets the home screen rotate to landscape mode on the smaller Jelly Bean slate.

Via : Android Police , Google Groups , [Image credit : EETimes]

Leaked images of the LG Nexus phone ?

Back to a few days ago we’ve heard about a new Nexus Phone that this time will be made by LG, and that will be based on LG’s latest flagship the Optimus G.

The rumor mill seems to be true (or untill now it goes to have a confirmation soon, or not). According to the latest reports of an XDA-Developers forum goer has posted a collection of photos for the E960, which appears to be a variant of the Optimus G — until you realize that it’s using software navigation keys, doesn’t quite resemble the international or AT&T Optimus G models and is oddly badged as the “Full JellyBean on Mako”.

According to the NenaMark2 benchmark score uploaded on the Nena Innovation AB website, the LG device has a display resolution of 1280 x 768 (it shows up as 1196 because of the space taken up by the navigations keys). It also has a 1.5GHz Qualcomm Snapdragon processor with Adreno 320 GPU, which means it is the same APQ8064 found on the Optimus G.

This slideshow requires JavaScript.

That’s all we can say for now. We are definitely hoping to see more of this phone in the coming weeks and learn more about it, especially on what’s ticking inside that sleek body.

And we’re quite sure that we’ll hear more about it until Google or LG confirms it.

Sources : 1 , 2 , 3 , 4

LG Optimus G joins AT&T and Sprint smartphone lineup

AT&T and Sprint Wireless will offer the LG Optimus G in the United States. AT&T will be selling the 8MP version of the smartphone, while Sprint will entice you with a 13MP snapper on the back of the Android powerhouse. Of course, both versions of the handset will feature LTE connectivity.

The rest of the LG Optimus G’s specifications are already quite familiar to us. They include Qualcomm’s beastly Snapdragon S4 Pro chipset with four 1.5GHz Krait CPU cores, two gigs of RAM, 32GB of further expandable memory, 4.7″ HD display, 2100mAh battery, and Android 4.0 Ice Cream Sandwich.

Exact pricing and availability of the LG Optimus G in the United States are yet to be known. We doubt it will be long before it hits the shelves though. In the meantime, check out our extensive preview of the smartphone over here.
Source : AT&T, PR Newswire

LG is working on a Nexus phone, to be an Optimus G-based droid

A rumor about an Google Nexus Phone made by LG has been surfaced. A tipster has contacted AndroidAndMe to give it a first hand account of what the LG-made Nexus is like.

Reportedly looks like about the same (in about the same size) as the current Galaxy Nexus phone. There’s a silver band running around the perimeter of the phone, similar to that of the iPhone 3G and a Nexus logo on the back similar to the Nexus 7 (with the “x” styled to look like the four-colored Nexus logo).

The tipster claims that the LG Nexus is running Android 4.2 Key Lime Pie, which at the moment is hard to distinguish from 4.1 JB . AndroidAndMe was also sent an 8MP photo with the appropriate EXIF data, though they couldn’t share it “due to the nature of the photo”. Still, the photo points to the LG Optimus Nexus  using the 8MP version of the Optimus G camera (as opposed to the 13MP one).

All that is far from confirmed but the rumor mill is really insistent that LG will be making the next Nexus phone. We also heard that “Nexus” phones might be built by multiple makers, so the LG Nexus might not be the next Nexus phone, just one of a generation of Nexus phones.
Via : Androidandme