LG has reported their Q2 2012 numbers and reported a loss of about $50 million ($49.48 million USD) in their mobile phone division. LG noted they “struggled somewhat” against their competition, namely ZTE and Huawei, and their marketing efforts of “new model launches in the quarter” were the cause of their losses – probably the Optimus 4X HD, Optimus LTE II and the Optimus L-Series devices. Revenues declined 28.5% from Q2 2011 to $2.01 billion, but their smartphone shipments increased 44% of total phone shipments (13.1 million).
Probably the biggest news for us Canadians is that another LG LTE device might be coming here. Their press release stated that “the company is planning to introduce new LTE models in the second half in developed 4G regions including North America and parts of Europe and Asia.” Of course, this is far from confirmation, but a good indication that we might see a quad-core Android on Canadian soil.