LG Electronics swung to a loss in the fourth quarter, but saw signs of life flicker a little brighter in its smartphone business.
The Korean conglomerate posted a loss of 64 billion Korean won, or $59.1 million, reversing a year-ago profit of 223 Korean won, or $205.8 million. LG blamed an unfavorable shift in the foreign currency exchange rate for the year-over-year downturn.
Revenue, however, inched up 0.8 percent to 14.92 trillion Korean won, or $13.8 billion.
One of the main reasons for its slight revenue increase is the 28 percent rise in sales for … Read more