LG ships record 14.5 million smartphones in Q2 FY2014

LG Electronics

LG today announced its Q2 FY2014 financial results. The South Korean company recorded revenues across all operations of KRW 15.37 trillion (about CA$16.02 billion) and a net profit of KRW 412 billion (CA$429.4 million) but singled out its mobile and TV operations in particular for its strong performance.

On the mobile side, LG announced that it shipped a record 14.5 million smartphones over the quarter, a 20 percent increase over the same quarter last year. That translates to sales of KRW 3.62 trillion (about CA$3.77 billion) and an operating profit of KRW 85.9 billion (CA$89.52 million).

LG attritbuted much of its success to the “initial popularity of the LG G3” in South Korea and strong sales of its L SeriesIII smartphones. The company has been expanding availability of the LG G3 since then and plans a number of additional LG G3 variants such as the recently announced LG G3 Beat, even more recent LG G3 Cat.6 and more L series devices. Among the new variants could be one with stylus input.

LG also announced that LTE devices now account for more than a third of devices shipped this year.

The LG G3 will launch in Canada on August 1. It could be followed at Videotron by the less expensive LG F60.

Source : LG