Latest in 2014

Image credit:

LG sells a record 14.5 million smartphones as profits nearly triple

1 Shares
Share
Tweet
Share

Sponsored Links

LG has just reported a record quarter for mobile phone sales, showing that it's taking advantage of a slump from arch-rival Samsung. LG sold 14.5 million handsets over the last quarter, its highest total ever and 20 percent more than last year -- with more than a third of those LTE models. It chalked up most of the success to its well-reviewed top-of-the-line G3 handset, along with strong sales of its mid-range L products. LG's mobile division scooped up KRW 3.6 trillion ($3.5 billion) and put an end to three straight quarters of losses. Home entertainment also performed well, climbing 3 percent on the strength of higher-margin UltraHD 4K sets. All that resulted in an operating profit of KRW 412 billion ($599 million) -- not nearly Samsung-level numbers, but at least LG's are going up, not down.

Source: LG
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
1 Shares
Share
Tweet
Share

Popular on Engadget

Roku spent $150 million so it can sell more ads

Roku spent $150 million so it can sell more ads

View
Some of the best video game ideas come from a Twitter philosopher

Some of the best video game ideas come from a Twitter philosopher

View
What's coming to Netflix in November: 'The Irishman' and 'Queer Eye'

What's coming to Netflix in November: 'The Irishman' and 'Queer Eye'

View
Google’s new apps are about reining in screen time

Google’s new apps are about reining in screen time

View
Mitsubishi shows off an oddball hybrid buggy prototype

Mitsubishi shows off an oddball hybrid buggy prototype

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr