LG sells record 14.5 million smartphones in Q2

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It is no secret that LG was no longer content to watch Apple and Samsung battle for supremacy in the smartphone and tablet markets. This prompted the company to increase their efforts at producing devices consumers would be interested in, like the recently released LG G3 or their L Series of devices.  Those efforts seem to be paying off as LG announced they shipped a record 14.5 million smartphones during the second quarter and their mobile division turned a profit for the first time after three consecutive quarters of losses.
LG indicates the smartphone shipments represented a 20 percent increase compared to the same period last year. Smartphones with LTE capability accounted for more than one-third of all smartphones sold this year as LTE markets continue to expand around the globe. Financially, LG smartphone sales increased 16 percent year-to-year, totalling KRW 3.62 trillion ($3.51 billion USD) netting the company KRW 85.9 billion ($83.4 million USD) operating profit.
LG says they expect performance to remain strong during the latter half of the year as they continue to rollout the G3 to more markets and introduce more “mass tier” products like the LG G3 Beat and more L Series smartphones.
source: LG


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