Strong G2 and Nexus 5 sales lead to a huge 13.2 million units shipped in Q4
LG has just posted its complete Q4 2013 and full year 2013 financial results, and it looks like it was another big year for the Korean manufacturer. In terms of just the fourth quarter, LG as a whole posted revenues of $14.03 billion, leading to an operating profit of $223.89 million but a net loss in the end of $60.21 due mostly to non-operating expenses. LG's mobile division made up $3.38 billion of those revenues, which was up 18 percent quarter-over-quarter.
Looking at 2013 as a whole, LG saw a small bump in revenues to $53.1 billion, leading to an operating profit of $1.17 billion but a net profit of just $203.67 million. Again breaking out just the mobile business, annual revenues were up 29 percent year-over-year to $11.85 billion.
Building on strong sales of its LTE handsets like the G2 and Nexus 5, LG sold 13.2 million phones in the quarter, which is an increase of 54 percent over the previous year. That's also a notable jump over the 12 million it shipped in Q3. LG is on a pretty solid trajectory upwards in terms of shipments and revenues in the mobile space, and we don't see it slowing down any time soon.