LG Home Appliance division has brought in $0.41 billion of operating income on a revenue of $4.65 billion.
The strong demand for LG�s OLED TVs and Super UHD TVs have helped the Home Entertainment division in getting solid operating profit of $0.30 billion.
The Vehicle Components division sales rose by 38% year over year to $0.78 billion due to the success of the Chevrolet Bolt in the US.
Finally, LG Mobile division have resulted in an operating loss of $0.12 billion on a revenue of $2.39 billion.
LG’s mobile unit noted a strong 10% increase in sales in first quarter of 2017 but the company have recorded a loss of $117 million in its second quarter earnings. LG blames LG G6 for this decline. LG G6 didn�t do as expected since Samsung Galaxy S8 stood as strong competitor to LG G6. Read the LG G6 vs Samsung Galaxy S8 comparison article in which I have given the detailed comparison.
On the other hand, the company have seen increase in sales of budget devices in the North American market (13% increase in sales). LG believes in a new high-end device (LG V30) and the recently introduced Q-series for profit bounce-up in the second half of this year.