LG's mobile business has regularly been on the knife's edge of profitability over the years, and after last year's lackluster G4, the company likely hoped the more adventurous G5 would help pay the smartphone arm's bills and, perhaps, even deliver a profit to the unit. Unfortunately, according to LG's Q2 2016 fiscal results released today, that effort has not paid off.

LG Mobile reported an operating loss of $132 million for the second quarter, the first full fiscal quarter the G5 was on sale in major markets (it launched April 1st here in the US). This is especially dismal given that it marks only a very modest improvement over LG's Q1 results for its mobile unit, which saw losses of around $168 million.