Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

30,000 Units of LG G6 Were Sold in Two Days - But Don't Get Excited Yet

Recap on LGE G6 Sales Performance & My Recommendation on LGE

Equity Bottom-Up

<p>Apparently, LG Electronics’ mobile handset division needs more time to turn a profit. It is generally believed that LG needs to sell at least 3 million units of its new flagship smartphone G5 during 2Q in order for its MC division to turn a profit. But the recent sales performance in both the domestic and overseas markets is not quite promising.</p><p>G5 is offered in three models in Korea. In the fourth week of its release, only one model of G5 is in the top 10 best-selling smartphone list in Korea…</p>

Apparently, LG Electronics’ mobile handset division needs more time to turn a profit. It is generally believed that LG needs to sell at least 3 million units of its new flagship smartphone G5 during 2Q in order for its MC division to turn a profit. But the recent sales performance in both the domestic and overseas markets is not quite promising.G5 is offered in three models in Korea. In the fourth week of its release, only one model of G5 is in the top 10 best-selling smartphone list in Korea…

Sharp Fall in Sales of LG's New Smartphone G5 - Not Likely Turn a Profit for MC This Year