LG sells 14.5 million smartphones in Q2, mobile division returns to profit

By July 24th, 2014 AT 4:55 PM

LG G3 Official Front

LG has churned out some really impressive smartphones recently including the Nexus 5 and the recently released G3. They have managed to sell a record 14.5 million smartphones during the second quarter of 2014. This is a 20 percent increase when compared to Q2 2013 and a growth of 17 percent when compared to Q1 2014. With $3.5 billion worth of sales, LG saw an operating profit of $83.4 million, after consecutive losses for three straight quarters. LG has stated that a third of its smartphones sold were 4G LTE compliant. This goes on to show the importance of 4G LTE in smartphones.

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Computer science engineer turned technology blogger. Following consumer electronics industry closely from 2006, he can now predict pretty much where the market is heading. He has a dream to own Android, Windows Phone and iOS smartphones all at the same time.

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