It's LG's turn to show its report card - things are looking up, but the handset division is still struggling to turn a profit. It posted a $49.8 million operating loss for the second quarter of 2011, though that's only about half of what it lost in Q1 2011. Shipments of LG phones grew quarter-over-quarter (QoQ) to 24.8 million units, with smartphone numbers on the rise as feature phone demand decreases. Sales are up 11% QoQ to a total of $3 billion, thanks to better smartphone sales.
GSM Arena, LG Q2 results: company profits, handsets on road to recovery
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