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LG reports record sales of 12.1 million smartphones in Q2

Posted: , by Alan F.

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LG reports record sales of 12.1 million smartphones in Q2
Korean manufacturer LG said it had record smartphone sales of 12.1 million units in the second quarter. LG Mobile reported revenue rose 34.5% in the quarter to KRW 3.12 trillion (USD 2.78 billion). Operating profit came in at KRW 61 billion (USD 54.37 million) which was up from last year, but down sequentially. Operating profit declined from 2012's second quarter thanks to lower average selling prices that were due to tougher competition. In addition, demand in the Korean market was weaker and marketing costs were higher.

LG is expected to be extremely competitive in upcoming quarters thanks to the LG Optimus G Pro and the LG G2. With the latter model expected to be introduced on August 7th, LG will have plenty of strength in the high-end of the Android market. Other models like the LG L-Series II and the LG F-Series keep LG's sales growth humming in the low to mid-range niche of the market.

source: LG via Engadget

15 Comments
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posted on 24 Jul 2013, 02:11 6

1. UrbanPhantom (Posts: 949; Member since: 30 Oct 2012)


Good ol' LG, always in the shadow of evil Sammy :o/

posted on 24 Jul 2013, 03:24 1

9. WHoyton1 (Posts: 1619; Member since: 21 Feb 2013)


How are Samsung evil exactly?

posted on 24 Jul 2013, 05:33 1

11. ryq24 (Posts: 479; Member since: 17 Oct 2011)


If LG is number 1 they will be the evil one. But since they are not, it's apple and Samsung who are evil! How many would like to be called evil! :-)

posted on 24 Jul 2013, 02:14 6

2. SakuroAkino (banned) (Posts: 141; Member since: 12 Jul 2013)


still better than lumia :D

posted on 24 Jul 2013, 02:27 4

4. UrbanPhantom (Posts: 949; Member since: 30 Oct 2012)


Ummm, no.

posted on 24 Jul 2013, 03:23

8. WHoyton1 (Posts: 1619; Member since: 21 Feb 2013)


Um hell yes...I think your forgetting Lumias run WP...

posted on 24 Jul 2013, 04:07 1

10. chaoticrazor (Posts: 2347; Member since: 28 Aug 2012)


And? Your sucking up to the green robot too much.android doesnt equal better for everyone fanboy so your comment is void

posted on 24 Jul 2013, 02:18

3. sri_tech (Posts: 188; Member since: 21 May 2013)


So they are making a whopping profit of $1.5 for each smartphone sold? Great.

posted on 24 Jul 2013, 07:35

12. pslee (Posts: 37; Member since: 05 Dec 2012)


i think its around $4.5 per phone.

posted on 24 Jul 2013, 02:30 1

5. livyatan (Posts: 680; Member since: 19 Jun 2013)


Interesting how HTC managed a profit with only about 7 million phones sold

posted on 24 Jul 2013, 02:34

7. pyradark (Posts: 752; Member since: 10 Jun 2012)


expensive charge more profit

posted on 24 Jul 2013, 02:31 2

6. pyradark (Posts: 752; Member since: 10 Jun 2012)


Sony got 2.4 Billion with only 8.1 Million sold unit.
LG needs to make a splash bcoz I dont feel their flagship around the globe

posted on 24 Jul 2013, 08:05 1

13. DONUT (Posts: 291; Member since: 27 Jun 2013)


thats bcos their flagship phones takes ages to get released worldwide. they NEED to stop releasing phones region by region

posted on 24 Jul 2013, 23:27 1

14. darktranquillity (Posts: 284; Member since: 28 Feb 2012)


my next phone will bw lg

posted on 26 Jul 2013, 07:16

15. ncarlosmiguel (Posts: 206; Member since: 14 May 2013)


Me too. But not the flagships, bought an LG L7 II dual but it got thieved 3 days after. But I am really impressed with it. I think its the most compact phone with 4.3" screen and its really fluid and has really big battery capacity. All I can rant about is that it should at least have 8gb storage. But definitely gonna buy it again.

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