LG is doing well overall, which is expected as the company makes just about anything you couldÂ imagine. In fact, its earnings are at a two-year high. But the mobile division is bleeding money, as the businessÂ has reported an $82 million loss in Q2 2016.
The LG G5Â isn’t as popular as LG hoped it would be, selling only 2.2 million units. I guess a modular featureÂ with only a few accessories that requiresÂ removal of the battery isn’tÂ taking off.
LGÂ predicts that itsÂ mobile division will stay in the red in Q3 as well, as it’s unlikely that the sales trendÂ willÂ change. LG needs to bring out the big guns and make a truly special and unique device in order to getÂ people to start buying its wares.