Good times are coming to LG as the South Korean manufacturer announced today that it sold a record 14.5 million smartphones during the second quarter of 2014, an increase of 20 percent from the same time last year and a growth of 17 percent from Q1 2014.
The hardware manufacturer recorded sales of KRW 3.6 trillion ($3.5 billion) from the mobile division, the highest since 2010. The mobile unit also saw an operating profit of KRW 85.9 billion ($83.4 million), bringing an end to three consecutive quarters of losses. Strong initial sales of flagship devices like the G3 as well as continuing sales of the mid-range L series of handsets were attributed by LG as the main reasons for the strong performance this quarter.
A notable highlight is that handsets with LTE connectivity accounted for a third of the shipments this year, which is indicative of the growing demand for LTE-enabled smartphones. LG is set to continue the momentum by rolling out the G3 in more global markets, and by launching additional variants, like the G3 Beat.