LG G6 isn't selling as well as they were hoping

LG's mobile division has been fighting the tough battle and in their quarterly filings has revealed that their newest flagship phone, the G6, hasn't been selling as well as they were hoping. The quarterly results aren't terrible, but they fell short and they posted a loss in the quarter for that division (which never makes investors happy). Unfortunately in a crowded mobile market, LG isn't the only ones who've had a hard time setting themselves apart and are just one of a handful that have spent a ton of money to try to compete with Samsung and Apple and have come up short. TechCrunch has more on this story.

LG’s mobile business is in a sticky patch after the company admitted its flagship LG G6 smartphone hasn’t sold as well as expected.

LG Electronics itself posted a business-wide operating income of KRW 664.1 billion (USD 588.2 million) on overall revenue KRW 14.55 trillion (USD 12.89 billion). While LG’s operating income rose by 14 percent year-on-year to outpace a four percent annual growth in revenue, its overall numbers were curtailed by a mobile business that posted a KRW 132.4 billion ($117.27 million) loss for the quarter.