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LG Ships Record Number of Smartphones in Past Quarter

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South Korea based LG says that it shipped a record high 14.5 million smartphones in the second quarter of this year, a 20 percent increase year over year with LTE products accounting for more than one third of all LG smartphones sold this year.

As a result, sales increased 16 percent from the same period last year to KRW 3.62 trillion (USD3.51 billion), the highest since the first quarter of 2010. The mobile division's operating profit of KRW 85.9 billion (USD 83.4 million) in the second quarter put an end to three consecutive quarters of losses.

Much of the success was put down to the initial popularity of the LG G3 in the Korean market and strong sales of L SeriesIII smartphones.

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Tags: lg  Korea