Four words best summarize LG’s fourth quarter 2012: Televisions, smartphones, and slight disappointment.
LG reported a $99.08 million profit on the quarter on $12.37 billion in revenue. Roughly half of that cash came from LG’s television business, which reported $5.91 billion in revenue.
The story is slightly more interesting for LG’s phone division, which reported $2.58 billion in revenue. LG shipped 15.4 million phones in the quarter, half of which were smartphones like the Optimus G and Nexus 4.
And this is where the disappointment comes in, as LG’s smartphone numbers could have actually looked a lot better had LG been able to satisfy the insane demand that greed the Nexus 4. It’s a bittersweet realization, no doubt.