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LG suffers a loss
SOUTH KOREAN phone maker LG has reported a 2010 domestic operating loss.
The news comes ahead of the more closely watched consolidated quarterly results due later today.
This might be a little surprising to many. LG is the world's Number two telly brand and Number Three handset maker.
Somehow the outfit contrived to lose $980.7 million last year. Now we did some calculating and if that money was stuffed down the back of the sofa by mistake, then the sofa would be ten miles high. We would have thought the satellites bumping into the CEO would indicate where the missing cash had gone.
LG blames the problem on a steep price decline in handsets and televisions. This will be news to those who have not noticed the price of its flagship smart phones drop much. In fact one of the things that irritates us is that prices of high-tech gadgets follow Apple's high mark up model.
What is more likely is that LG's lower price range phones have not been selling as well. Those 'dumb phones' have a lower mark up anyway and need to sell in huge quantities to make a lot of dosh. µ
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I never tried phone7, but MS interfaces are the kiss of death on the PC anyway, having just spent an hour trying to import and organise favourites in Exploder8 from Fireflop3 - which now reliably locks up Win7 x64 when I use it with google blogger, I think everyone knows Mozilla's QC is crazier than wikipedia but what happened to MicroSoft ability to design interfaces, did they ever have one or was it nicked from the start?
I try to avoid MS interfaces but I am flabberghasted at how anti-intuitive labour-making and un-ergonomic MicroSoft's PC app interfaces have become. eg they lost basic explorer function from Ex8 favourites organiser and thats not the only place, importing and organising windows live mail folders is likewise like pulling teeth in the stone age and access conflicts abound since XP. These never used to happen... back in the day.
Extrapolating I can see how a Win7 based phone OS could kill a phone brand. But a billion down, can you pin that all on Win phone7?
I would like to think so. I blame uncle Fester and his dismal crusade to screw up everything at MS which may have once worked tolerably well.
He seems so shy and vulnerable, I feel like such a bad person for criticising the vole, but then I try to organise my PC and my inner Cartman takes over.
In Canada, LG refuses to allow carriers like Rogers or Telus to exchange LG cell phones if/when they fail. Customers have to contact LG and pay for shipping, while doing without a phone in the meantime.
So this may be one reason people are avoiding LG in Canada (and their flogging Microsoft-phones are another).
lg phones are not good,some friends have them and they dont work i also read their washer dryers break down,they used to be crap make life is good then they made tvs which have a good name but bad name in customer service,any one can make a phone cheaply and prices will just fall
Another Microsoft puppy :)
Would be sad if that wasn't enough to make it in todays market. Maybe the strategy needs tweaking?