LG suffers lowered profit forecasts due to lackluster LG G4 sales

When the LG G4 first launched, LG predicted that it would ship a record eight million units of its flagship smartphone by the end of the year, which would beat last year’s record that the company set with the LG G3. Unfortunately, shipments of the smartphone don’t seem to indicate that LG will be able to break that record, and the actual sales volume is even more disappointing. This has prompted numerous investment firms have cut their quarterly profit estimates for the South Korean company’s Mobile Communications Division.