LG’s second financial quarter was more than good for the company, just as speculated. It seems that the tech giant has scored some pretty good results during the previous trimester, as it has sold roughly 14.5 million smartphones, a third of which are LTE-enabled ones. This is a 20% increase in comparison with the same period year-over-year and a 17% upward spike compared to Q1 of 2014 – a record-breaking result for LG.
What’s more, the company’s profits have increased around 16% to $3.51 billion, which is apparently LG’s best result since Q1 2010. The operating profits have climbed up to 83.4 million, which puts “an end to three consecutive quarters of losses”, as LG says. Without a shadow of doubt, the LG G3 is the main culprit for these impressive financial results and the company will surely rely on it in the foreseeable future, as well.
In order to ensure that the following trimesters will score similar (if not better) results, LG claims that it will be further expanding the availability of the G3 across the globe. What’s interesting here is that the company says that apart from the recently-unveiled G3 Beat (also known as the LG G3 s) and the fresh Snapdragon 805-equipped LG G3 Cat. 6, it is planning to introduce even more variations of the LG G3 in H2 2014. We suppose that the G3 Lite, G3 Vigor, and the G3 Vista might be among the new devices that LG seemingly hinted. More representatives of LG’s L series will also see the light of day.
So, times are definitely good for LG, and only time will show if this upward trend will continue to go… well, upwards.
Source:PhoneArena
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