LG Electronics expects its mobile division to report a fifth consecutive operating loss for the second quarter of 2016, Reuters reported.
Sharp will begin shipping OLED panels next year in a move that may give Apple a third potential supplier of displays for the iPhone.
Samsung posted the fastest quarterly profit growth in its mobile business in nearly three years, cementing its status as the world's top smartphone vendor following Apple's disappointing quarter. But LG and Sony continued to struggle as growth in the worldwide handset market slows to a crawl.
LG Electronics said it expects to report an operating profit of $439 million during its latest quarter, marking a 65.5 percent increase over the same period in 2015. But the health of its mobile business is still far from clear.
Apple plans to ship the first iPhone with an OLED display as early as next year, according to a report from the Chinese branch of the Asian news organization Nikkei.
BARCELONA, Spain-- Smartphones were expected to play a huge role here at this year's Mobile World Congress, and we've already seen a few major announcements from the likes of Samsung and LG. But many of the devices that scored some of the spotlight during the show's opening days weren't phones at all. And those companies that did showcase new phones often focused on features and functionality far beyond traditional uses such as calling, messaging and using apps.
Samsung and LG are widely expected to fight over the spotlight the Mobile World Congress trade show in Barcelona, Spain, next week, with the introduction of new flagship smartphones. And predictably, the gadgets are already getting some unofficial attention.
LG Electronics' mobile business continued to be a drag on earnings as the South Korean company narrowed its quarterly net loss to $117 million. The company's mobile division lost $36 million during the quarter.
The global smartphone market grew at its slowest pace since 2009 in the third quarter according to research firm Strategy Analytics, a sign that even though Apple's profits are sky high and Samsung Electronics appears to be back on the road to recovery in its mobile business, the overall smartphone market is cooling.
How did the wireless industry perform in the third quarter of 2015? In this earnings summary, we list results from the wireless industry's carriers, handset makers, equipment suppliers and others.