Take note that LG is profiting greatly through its multiple divisions, mobile especially. A $475 million profit for 2014 after shipping a total of 59.1 million smartphones, a 24 percent increase on its previous year; LG is doing better than ever.
Looking at those results in detail: the $474.81 million net profit is a 125% improvement on last year’s results. Its mobile business which helped pull in year-long revenue of $55.91 billion, but home entertainment took a dip with the $189.41 million in Q4 2014, due to costs of closing its plasma TV unit.
In short, the company said, “LG will concentrate on improving its brand power, operating more efficiently, and focusing on selective key markets,” which sounds like a very reasonable plan.
Via: LG Earnings