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LG turns a $343 million profit for Q4 2017 in early reports

LG turns a $343 million profit for Q4 2017 in early reports

LG quietly let it be known today that they will emerge from the fourth quarter of 2017 with a $343.2 million profit and that they expect a yearly profit increase of 84.5% over 2016.

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5
Sprint Loses $1.3 Billion In Fourth Quarter, But Gains 1.6 Million Subscribers

Sprint Loses $1.3 Billion In Fourth Quarter, But Gains 1.6 Million Subscribers

Sprint posted its fourth quarter earnings this morning, and they definitely painted a mixed picture of the company's financial position. On the one hand, the Alamo of unlimited data increased its subscriber base by 1.6 million in the last quarter, with big thanks likely owed to the addition of the iPhone to Sprint's lineup - giving them a significant advantage over their primary price point rival, T-Mobile.

Unfortunately, also because of the iPhone, the company managed a $1.3 billion net loss for the quarter, owed in large part to the massive cost of providing the device ($15.5 billion over 4 years) to customers at heavily subsidized price points.

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