LG mobile reports $381M loss due to poor sales of flagship G5

LG's home appliance and entertainment divisions are doing well, and the company is already looking towards its next flagship handset.

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LG has released its financial figures for Q3 2016 and things don't look too rosy. The electronics giant has reported a $381 million loss in its mobile business, due to "weak sales of G5".

LG's shipped a total of 13.5 million smartphones in the quarter, which is down 9% from the same quarter of last year.

It's not all bad though -- its home appliance division (which sells fridges and air conditioners) and its home entertainment divisions both reported good profits for the quarter.

The company is staying positive however, stating "[LG] will focus on maximizing the sales of V20" and "concentrate on the thorough development of next year's flagship model."

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