Things looking up as LG ships 12 million smartphones in Q3
After getting eclipsed by its Korean counterpart Samsung for the past few years, LG is finally becoming relevant again after it posted a 217.8 billion won ($196.34 million) operating profit in Q3 of this year. This is a 27% increase over the same period last year.
LG claims that it's able to achieve this despite slowing demand in its Home Entertainment division and unfavorable exchange rates.
The company's earnings report has LG Mobile shipping an impressive 12 million smartphones this past quarter. The company also expects a further increase in sales during the holiday season fuelled by the strong performance of its LG G2 flagship and midrange devices like the L II and F series.
It's great to see LG on the road back, and we hope it will be able to give the undisputed leader, Samsung, a run for its money soon enough. The other Korean giant's Q3 earnings report is expected any day now, but initial estimates indicate it's poised for a record-breaking $7.28 billion profit.
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Reader comments
- AnonD-51384
- 25 Oct 2013
- Lj1
But still not as it should upgrade their smartphones. And its interface is very bland. But still not as it should upgrade their smartphones. And its interface is very bland. The LG need to update more and faster your devices.
- Anonymous
- 25 Oct 2013
- t7X
LG sold over 40 Million all type of phone (smartphone and feature phone) 1Q Over15 Million 2Q over17 Million 3Q over18 Million Total= over 40 Million phones.... Kudos LG
- Anonymous
- 25 Oct 2013
- t7X
LG mobile phones sold in Q3 was up as much as 500,000 units from Q2, to record 18.3 million units in total. In particular, 3 million units of 4G LTE smartphones were sold in Q3 this year, which was the highest-ever quarterly result since May 201...
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