LG is the latest handset maker to announce its financials for the first quarter of 2009, and they present a mixed picture of the impact of the current recession.
Revenues were actually up 23 per cent year-on-year to $2.78 billion, although operating profit from the handsets division fell 41 per cent to $193 million for Q1.
Actual handset shipments were down 7 per cent year-on-year to 22.6 million for the quarter, although that compares well to the 19 per cent fall recorded by Nokia and the 35 per cent decline at Sony Ericsson.
LG has offered its predictions for the coming months, saying that it expects 10 per cent growth from Q1 to Q2, although it sees global handset shipments falling 10 per cent to 260 million units in Q2.
Mobile games firms are following the results of LG, Nokia, Sony Ericsson and the rest closely, as consumers tend to buy more games when they've just upgraded to a new phone. Thus, less handset sales may mean a corresponding fall in mobile game purchases.
News
Contributing Editor
Stuart is a freelance journalist and blogger who's been getting paid to write stuff since 1998. In that time, he's focused on topics ranging from Sega's Dreamcast console to robots. That's what you call versatility. (Or a short attention span.)
Top Stories
Feature
May 17th, 2024
New release roundup: The best new mobile games from a battle royale to a console classic remake
Feature
May 16th, 2024
Behind the scenes: How adding sandwich offers to an idle merge game boosted three metrics at once
Events
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
Morocco Gaming Expo | Africa | May 24th |
MomoCon 2024 | North America | May 24th |
Unreal Fest Gold Coast 2024 | Australasia | May 29th |
Popular Stories
Feature
May 14th, 2024
53 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Feature
May 13th, 2024
Hot Five: Dubai's new Gaming Visa, April's mobile game charts, and Xbox studio closures
Interview
May 13th, 2024