LG CEO predicts difficult handset turnaround in Q2

By on Jun 4, 2011 at 8:01 AM
Business June 4, 2011

Speaking to reporters on Thursday, LG CEO Koo Bon-Joon said it would be difficult to turn around the company’s current struggle in the handset business during the second quarter. LG reported poor handset sales during the first quarter of the year — phone sales were down 9.2% year-over-year and 14.3% quarter-over-quarter, and shipments were down 10% year-over-year. Gartner also recently noted that LG’s share of the mobile phone market dropped two percentage points to 5.6% year-over-year. LG’s CFO has said that the firm is banking on the success of its Android-powered Optimus smartphones.

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32 Comments

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  • Anonymous

    Koo Bon Bafoon!

  • FunnyCorperate

    Boo F***ing hoo LG you first raised the price on your prepaid Lg Optimus V from 150 to 200 buck’s and then the Tmobile LG G2x by 50 buck’s both same excuses due to high demand , really??? because that’s a real good way to loose customer’s, way to show your true color’s LG

    • Anonymous

      Ex’sessive apostrophe’s

  • Amzutak

    They will sink further if they cant put decent software to run their hardware. I can say my next android will not be an LG after the issues I’ve just had with the optimus 2x

  • Liteon163

    Free advice: 4-inch qHD display, LTE/Wimax/HSUPA+, vanilla GB, unlocked bootloader, $200 or less, available on all carriers.

  • G2X

    i like how they act surprised about this when the put out products for $500 that dont work properly! Of course your going to lose customers. If they dont fix my G2X very very soon. I will never by LG anything ever again!!

  • hemdroid

    Living in a dead spot, I need a phone that will receive a signal.  LG fails at picking up a signal.

  • http://apple.com Yes_iHave_an_iPhone

    Call Steve Jobs, he’ll tell you how it works.

  • Jamm3

    Make better quality phones.

  • Anonymous

    How about not releasing a phone and then raising the price

  • Anonymous

    Keep making them garbage android phones retard.

  • Anonymous

    chink

    • Anonymous

      Easy to say this incognito. I’m sure you don’t have the balls to do it in person! Cowards like you are a dime a dozen! I

      • Anonymous

        I’m 6 foot and 194 lbs..I’ll your bitch ass

      • Anonymous

        Cowards like you come in all sizes mate… You’re still a coward!

      • Anonymous

        Mate, fuck you and your’ve shitty country

      • Anonymous

        No matter what you say, it doesn’t change the fact that you’re a coward, and will always be a coward.

      • Anonymous

        Talk to me dirty baby

      • iPwn

        Is this how you spend your time on the internet? Get a life. Grow up, loser.

      • Anonymous

        Ooooo yea daddy

      • iPwn

        You are a sad individual. I actually feel sorry for you. So ignorant and simple minded. Enjoy your pitiful life.

      • Anonymous

        Learn to spell fuck face, you’ve*

      • IPwn

        Looks like you need to learn how to read.  There was no place where I put “you’ve” and there was no context for it in the sentence.

      • Anonymous

        Lol, learn to read…learn to get on your knees and respect my cock.

      • Anonymous

        I wanna meet you so I can slap my cock on your face

  • CatLuvr500

    They need to lower prices and offer better phones….there’s too much competition to raise prices especially on existing phones!

  • Anonymous

    Koo Bon hoo where’s your eye lashes ?

  • http://www.facebook.com/profile.php?id=100000722296108 Herman Guerra

    Meego!

  • http://profiles.google.com/bgodin Brian Godin

    dbl post sorry

  • http://profiles.google.com/bgodin Brian Godin

    I love my LG Plasma TV, but I’d never consider one of their phones.  The
    Optimus One sold like hotcakes, they need another one of those except
    with a 1 GHz processor and a nicer screen at a good price.

    • iPwn

      My new LG 3D cinema tv is awesome. 3D is great good viewing angles and cheap glasses!

  • Anonymous

    They make poor quality phones, might as well just make them in china instead of s korea

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