LG Continues To Bleed Money, Thanks To Smartphones (engadget.com)

LG's big bet on modular smartphone G5 didn't pan out the way it wanted, and its mobile business continues to bleed money. From a report on Engadget: The final quarter of 2016 saw the company take a severe blow, actually losing $223.98 million, mostly thanks to its failing handset division. [...] The numbers are buried deep in its figures, however, revealing that the firm hawked 14.1 million units in the quarter. Operating losses, meanwhile, sunk to around $400.2 million despite "strong sales" of the V20. But any boost that the V20 offers only serves to offset the soul-sucking failure of the G5, still chewing through money long after the company began announcing its replacement.