LG kills it with smartphone sales in Q3 2014
So far this season, the quarterly earnings reports from some of the big players in smartphones have amounted to a mixed bag of success: Apple and Microsoft have done quite well for themselves, while companies like Sony and newcomer Amazon have struggled. Today the latest figures from one of these manufacturers are in, and now it’s LG’s turn to share news of its own smartphone sales – and the company has manged to break a few of its own records in the process.
LG Electronics is a multi-headed giant, but the branch we’re most interested in is the LG Mobile Communications Company. This past quarter, it managed to ship nearly 17 million smartphones, up 16 percent from the quarter before, and representing a stunning 39 percent increase compared to the same quarter in 2013.
That’s managed to generate revenue to the tune of $4.14 billion, with $163 million of that being profit. All told, that’s the best the company’s manged to do since Q3 2009.
LG acknowledges that it faces some stiff competition out there (which is only going to get even fiercer as 2015 looms), but it’s optimistic that continued strong sales of both G-series phones like the G3 and more budget-priced L-series devices will help it solidify its place in the market.