Feature phones are the weak link in the handset market now that consumers are migrating rapidly to smartphones.

FORBES: Has A Serious Mobile Phone Slump Started In Europe?

Third-quarter revenues fell 4 percent year-over-year to KRW 12.38 trillion (USD 10.93 billion) due to the continuing decline of feature phone sales and overall weak demand.

ENGADGET: LG records a 'solid' $138.57 million net profit for Q3, keeps the positive trend going