Editor in Chief
- Dec 30, 2010
- Reaction score
- Austin, TX
Despite the fact that the LG G4 is easily one of LG's best smartphones ever created, it looks like the phone isn't selling as well as the company hoped (at least according to a couple of financial analysts' predictions). LG's projected quarterly earnings forecast has been downgraded by Daishin Securities firm and Korea Investment & Securities. The former downgraded their LG operating profit forecast from $50.7 million from $92.3 million, and the latter lowered their forecast from $104 million to $61 million.
The reason for the precipitous drop in financial predictions is because shipments for the G4 handsets have only totaled 2.5 million so far this year. This is considerably less than the forecasted 8-12 Million. Of course, there is still 6 months left in the year for LG to hit those numbers, but that's a big jump to go from 2.5 Million to 8 Million or more, and that's ignoring the fact that other noteworthy devices will be released later this year.
Even with a top-of-the-line device, LG is having trouble making headway in the mobile market. It's certainly a tough business to be in...