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LG predicts a solid first quarter: up 66% from a year ago
June 20, 2025
LGhas shared its earnings guidance for Q1, 2016, expecting to rake in ₩505 billion ($441 million) for the quarter, a massive 65.5% increase over the same period last year (₩305 billion). The figure is not only a vast improvement over LG’s past fortunes, but it also outstripped analysts predictions, which split the difference at ₩408 billion.
The uptake in revenue cannot be attributed to smartphone sales, despite the popularity of theLG V10. Falling television display prices and solid appliance sales are likely behind the upswing, but we’ll have to wait until the end of the month to get the final quarterly figures.
Unfortunately, this run of good fortune isn’t expected to last, with LG forecasting a 4.5% decline in Q2 compared with the same period last year. The uniqueness of theLG G5will ensure it has solid interest, although the recent controversy regarding theprimer coat on the LG G5’s metal chassismay impact sales a little.
The news comes hot on the heels ofSamsung’s first quarter earnings guidance, in which the company forecasted an operating profit of ₩6.6 trillion ($5.7 billion). While the dollar figures are naturally very different, this only represents a 10% increase on Samsung’s year-on-year earnings. Nevertheless, Samsung’sGalaxy S7andGalaxy S7 Edgesales are expected to be an improvement on last year’sGalaxy S6series.
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