LG profit collapses based on shrinking phone sales
October 28th, 2010 link to (permalink)
LG saw its profit fall apart today as its summer results were hurt by its weakness in phones. Its profit plunged 99 percent, down from $805.6 million a year ago to $6.7 million. The Korean company was dragged down by its mobile group, which had a record loss of $270 million.
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