Bolstered by a record 16.8 million smartphone sales in Q3 2014, LG announced that it has almost doubled its profits to $440 million from the same time a year ago. The 39 percent year-on-year increase in sales mark LG's best quarter in five years.
In terms of numbers, LG's mobile division recorded $4.14 billion in sales, with an overall operating profit of $163.16 million. The strong showing of the LG G3 was likely a factor in increased sales, with LG also attributing strong performance of its handsets in the budget and mid-tier segments. LG is looking to continue its run by focusing on the G series and L series lines in the future:
Building on its momentum and two consecutive profitable quarters, LG expects to strengthen its positioning in the smartphone market with its G Series and L Series III models despite the landscape becoming more competitive.
What do you guys think? Can LG sustain its growth?
Amazon says employees are not being forced to delete TikTok
Amazon is the latest entity to lash out at TikTok, with the retail giant now requiring all of its employees to delete the app from their phones.
Everything we know (so far) about the Google Pixel 5
We're still months out from Google unveiling the Pixel 5, but that doesn't mean it's too early to speculate what it might offer. Here's everything we know so far!
Technostalgia: A series about the Golden Age of mobile tech
Join us for a look back at the best (and worst) of Android and Google over the years in our series Technostalgia.
With a phone as beautiful as the LG Velvet, you'll want to get a great case
It can be tough to find a great case for a new phone, especially for a phone with a unique and wonderful design like the LG Velvet. But thankfully, there are a lot of solid case choices out there and these are our favorites to keep your LG Velvet safe from when "life happens".