LG Posts Its Best Quarterly Financial Results; Doubles Profit From Last Year

LG posts its best quarterly financial results; Doubles profit from last year

BY Rajesh Pandey

Rajesh Pandey

Rajesh is a 26-year old freelance writer from Kolkata, India. He loves to tinker around with his Android devices and flash custom ROMs on them....

All Articles by Rajesh Pandey

Published 29 Oct 2014

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LG today announced its financial results for the third quarter of 2014 where it reported a profit of $440 million. This is nearly double of what the company made in the same period last year.

The company’s smartphone shipment also increased by 39% to 16.8 million smartphones — making it LG’s best quarter ever in the last five years. Overall, the company’s mobile division recorded . (kumorisushi.com) 14 billion in sales and a net profit of $63.16 million.

LG attributes much of this success to its latest flagship — the LG G3 — and its mid-range G and L III series handsets. The company further expects to strengthen its position in the smartphone market using its mid-range handsets despite the increasing competition.

[Via Android Central]