LG Electronics Inc Q2 2019 Earnings Call Transcript - Thomson StreetEvents

LG Electronics Inc Q2 2019 Earnings Call Transcript

LG Electronics Inc Q2 2019 Earnings Call Transcript - Thomson StreetEvents
LG Electronics Inc Q2 2019 Earnings Call Transcript
Published Jul 31, 2019
3 pages (1687 words) — Published Jul 31, 2019
Price US$ 54.00  |  Buy this Report Now

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Abstract:

Edited Transcript of 066570.KS earnings conference call or presentation 31-Jul-19 12:00am GMT

  
Brief Excerpt:

...growth trend. For LG Electronics, we will maintain revenue growth by expanding sales of premium products and secure solid profit structure by improving cost competitiveness and efficient operational or marketing resources. We go to MC, Mobile Communications, division. Although 7% Q-o-Q increase of sales driven by the launch of a new 5G model, sales came down Y-o-Y due to the stagnant demand in the smartphone market and intense competition. Loss amount widened as a result of higher marketing investment to support the launch of new flagship models and additional costs related to relocating smartphone production to Vietnam. In the upcoming quarter, 5G network commercializing in North America and Korea will continue to take place. And promotion activities among smartphone makers are expected to strengthen in order to gain the Asian market dominance. As for LG Electronics, the introduction of competitive mass-tier smartphones and growing demand for 5G products will contribute to the performance...

  
Report Type:

Transcript

Source:
Company:
Ticker
066570.KS
Time
12:00am GMT
Format:
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Cite this Report

  
MLA:
Thomson StreetEvents. "LG Electronics Inc Q2 2019 Earnings Call Transcript" Jul 31, 2019. Alacra Store. May 19, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2019-LG-Electronics-Inc-Earnings-Call-T12620346>
  
APA:
Thomson StreetEvents. (2019). LG Electronics Inc Q2 2019 Earnings Call Transcript Jul 31, 2019. New York, NY: Alacra Store. Retrieved May 19, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2019-LG-Electronics-Inc-Earnings-Call-T12620346>
  
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