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.