LG, like its Korean counterpart managed to report profits this quarter. The company reported a stunning jump in its first-quarter earnings as its high-end home appliance sales offset a loss for its smartphone business. But like before, LG had a lacklustre sales in the smartphone segment this time around too. LG's operating profit jumped 66 percent to 505 billion won ($443 million) even as sales declined 5 percent to 13.4 trillion won ($11.8 billion). Read more here (Source: Reuters)