LG sells a record 14.5 million smartphones in Q2; mobile division turns a profit

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.

Source: LG

Harish Jonnalagadda
Senior Editor - Asia

Harish Jonnalagadda is Android Central's Senior Editor of Asia. In his current role, he oversees the site's coverage of Chinese phone brands, networking products, and AV gear. He has been testing phones for over a decade, and has extensive experience in mobile hardware and the global semiconductor industry. Contact him on Twitter at @chunkynerd.