Uh-oh, it looks like LG isn't doing too well again. The Korean electronics manufacturer recently posted its Q3 2011 financial report and sad to say, it's far from pleasant. LG reported sales down on both year to year basis and sequentially, and that it has actually lost money over the past three months. Sales in Q3 2011 were only $11.57 billion - 10.3% lower than Q2 2011 and 4% lower than Q3 2010 - no matter which way you look at it, it's not good. And for the second quarter in a row, it is the handset division that's bringing the company down.
Ubergizmo, LG posts disappointing Q3 2011 results
