LG’s mobile division lost $67.8 million (£43 million) in the last three months according to updated financial results.
The news comes as Sony also demonstrated the difficulty of eking out a profit in the smartphone market by revealing that their mobile operation is losing around $1.9 million (£1.25 million) a day.
Revenues in LG’s mobile division were 7% lower quarter-on-quarter and decreased 21% year-on-year.
The company blames the troubles on weaker demand for high-end devices in Korea and competition in the high-end phone market which is currently dominated by Samsung and Apple.
LG shipped a total of 14.9 million devices in the third quarter, putting them behind all major Chinese brands.
The smartphone maker, manufacturer of Google’s new Nexus 5X handsets, will be hoping for a return to second quarter figures where the firm made a 1.2 cent profit from every smartphone it sold.
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Elsewhere within the South Korean firm, things aren’t looking so disheartening, with LG making an overall profit of $106 million (£68 million).
Sales of OLED and 4K TVs are increasing in the US and Latin America while the home appliances division made a $201 million (£131 million) profit.
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