LG Posts Record Handset Loss

LG Posts Record Handset Loss on IPhone, Smartphones – BusinessWeek:

“LG Electronics Inc., the world’s third-biggest mobile-phone maker, reported a record loss at its handset business after lagging behind Apple Inc. and smartphone makers in selling models that send e-mails and surf the Internet.”

Gruber adds:

This shows the folly of thinking “market share” is a primary concern. LG sold over 30 million handsets in the quarter — up 2 percent over last year — but lost money because most of them were cheap low-profit models.

Word must have gotten out that @Schultzter is using a XENON. Well… he’s trying to use it!

(Via Daring Fireball.)

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