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LG Mobile has its worst loss ever

Written by Andre Yoskowitz (Google+) @ 30 Oct 2016 10:43 User comments (10)

LG Mobile has its worst loss ever Thanks to sluggish sales of the flagship G5 smartphone, LG Mobile had its worse loss ever, a loss so bad it destroyed the company's overall profits.
The division took a loss of $389.4 million for the Q3 2016, its worst quarter since the Great Recession. The division has not been profitable since the Q4 2014.

Overall profits for LG fell 61 percent due to the mobile division, to $252.7 million.

Is it time for LG to step out of the mobile business? Motorola, HTC, Sony and BlackBerry all learned that hard way that there are really just a few players that can compete.

Source:
AP

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10 user comments

130.10.2016 13:57

despite having a great hardware, i got utterly disappointed when my G4 started bootloop, and ended up getting a new mobo (with a new internal memory, which meant the complete loss of my phone data) at the service center. it's clear that LG knew it, but they didn't care to warn their customers about the probable bootloop after the OTA OS upgrade to marshmallow from lollipop. i still like LG, but won't possibly buy another LG "phone".

This message has been edited since its posting. Latest edit was made on 30 Oct 2016 @ 13:58

ASUS G73JW | Intel Core i7-740QM, 1.73GHz | 8GB DDR3 | Nvidia GeForce GTX 460M, 1.5GB | OCZ 120GB SSD + Seagate 500GB Hybrid 7200rpm | 17.3" FHD/3D | Blu-ray Write | Win7Pro64

21.11.2016 15:53

It's too late now, but that situation WAS quite likely recoverable =s . I wish I'd seen you post about it earlier...

31.11.2016 23:24

Originally posted by Bozobub:
It's too late now, but that situation WAS quite likely recoverable =s . I wish I'd seen you post about it earlier...

Really? I am wondering how. Please give me some idea. Thanks.

Man, I can tell you G4 is still the best phablet feature-wise. Unbelievably good camera, decent battery life, snappy performance, good look, removable battery, stunning display, IR/FM, phone to TV out, phone to projector out...you don't get all these together even in a Samsung flagship!

ASUS G73JW | Intel Core i7-740QM, 1.73GHz | 8GB DDR3 | Nvidia GeForce GTX 460M, 1.5GB | OCZ 120GB SSD + Seagate 500GB Hybrid 7200rpm | 17.3" FHD/3D | Blu-ray Write | Win7Pro64

42.11.2016 0:13

By a reflash of the (the previous version) retail ROM (if true retail, still doable with a non-rooted phone), using some tools, a LOT of cussing, and confusing web tutorials =) . But it CAN be done, I promise.

This is, BTW, a great reason for rooting your phone, even if you keep the retail ROM (which you certainly can do, in almost every case). There are also always ROMs that are close to retail, including full camera function and whatnot (Cyanogenmod, for example, does NOT use full LG camera capabilities, not even close), but not quite, giving you all of the advantages of both worlds (although no OTA updates).

Don't let the lack of OTA updates stop you, btw. I've seen phones supported MUCH longer by the ROM community, than any manufacturer ever has. Furthermore, some ROMs (Cyanogenmod again) DO have their own OTA update system!

A last few reasons reasons to use ROMs are significantly faster bug squishing (the "Stagefright" attack was negated in most ROMs long before retail, for example), reduced size in many cases, significantly better security, full control over "shovelware", and more.

And yeah, I like LG phones also; I still use an LG G2 =) .

This message has been edited since its posting. Latest edit was made on 02 Nov 2016 @ 11:49

52.11.2016 2:53

Originally posted by Bozobub:
By a reflash of the (the previous version) retail ROM

But that means your internal memory data will still be erased, right? I wanted a recovery of the OS without data loss. The LG service center under warranty offered me a new mobo with new internal memory, which made me lose my data (contacts, messages, whatsapp, to name a few).
Rooting is a better solution I know. But that voids the warranty. However, admittedly, I didn't know I could keep the original factory OS. Hmm, looks like more reading is required!

ASUS G73JW | Intel Core i7-740QM, 1.73GHz | 8GB DDR3 | Nvidia GeForce GTX 460M, 1.5GB | OCZ 120GB SSD + Seagate 500GB Hybrid 7200rpm | 17.3" FHD/3D | Blu-ray Write | Win7Pro64

62.11.2016 3:23

Nope; your internal storage wouldn't be erased, if done properly (you can choose what to wipe). Nor does rooting necessarily automatically negate warranties, these days.

72.11.2016 11:10

Originally posted by Bozobub:
Nope; your internal storage wouldn't be erased, if done properly (you can choose what to wipe). Nor does rooting necessarily automatically negate warranties, these days.

Wow, wish I could know it before! I have done PSP CFW; so, following complex tutorials might not be a problem I guess.

ASUS G73JW | Intel Core i7-740QM, 1.73GHz | 8GB DDR3 | Nvidia GeForce GTX 460M, 1.5GB | OCZ 120GB SSD + Seagate 500GB Hybrid 7200rpm | 17.3" FHD/3D | Blu-ray Write | Win7Pro64

82.11.2016 11:53

Well, LGs ARE notoriously a PITA to root properly (you have to change the bootloader too, at least with the G2). That said, however, you can even do so with an app loaded onto the nonrooted phone, these days, so *shrug*.

Next time this happens, if you are so unfortunate, please hit up the interwebs, if you can't get in touch with me ^^' .

Remember, btw, that policies on rooting breaking warranty aren't universal; follow up with your carrier first!

Also, it would be wise, in the future, to back up your entire internal storage every so often.

92.11.2016 23:35

Originally posted by Bozobub:
Also, it would be wise, in the future, to back up your entire internal storage every so often.

That's the only option I guess. LG even has an online drive for that. The problem is slow and unstable network in India so that a cloud backup is nearly impossible if you have GBs. The offline backup is kinda PITA as well.
This message has been edited since its posting. Latest edit was made on 02 Nov 2016 @ 23:35

ASUS G73JW | Intel Core i7-740QM, 1.73GHz | 8GB DDR3 | Nvidia GeForce GTX 460M, 1.5GB | OCZ 120GB SSD + Seagate 500GB Hybrid 7200rpm | 17.3" FHD/3D | Blu-ray Write | Win7Pro64

103.11.2016 1:52

DON'T depend on cloud storage! For that matter, don't depend on local storage either unless you have redundant backups that are stored in more than one location.

Your local storage depends on the provider staying in business and/or you paying for it (if not a free option). Furthermore, the simple fact that backing up 32-128 GB to the cloud on limited bandwidth is going to be frustrating as hell =p .

To make it easier, remember, you only have to back up YOUR data, not app settings and whatnot, unless you desire otherwise. It's not like an unrooted phone can use a utility like Titanium Backup properly (requires root, but backs up apps and their settings, as well)...

This message has been edited since its posting. Latest edit was made on 03 Nov 2016 @ 1:52

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