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LG ships 10.3 million phones in Q1, the most since it entered the smartphone game

Posted: , by Daniel P.


LG ships 10.3 million phones in Q1, the most since it entered the smartphone game

Samsung began logging quarterly profits similar to the almighty Apple thanks in large part to its smartphone division and the flagship Galaxy handsets, and LG is now performing in the same way.

While the group's net profit was somewhat lower than last year's Q1, at $20.3 million, LG marked a significant increase in phone sales, which helped keep its financials afloat, unlike, say, the Plasma TV department. LG shipped 10.3 million handsets, the most since it entered the smartphone business, and a hefty 28.5% increase year-on-year.

"Healthy sales of LTE smartphones such as the Optimus G and Optimus G Pro along with 3G smartphones including the Optimus L Series and Nexus 4 contributed to the improved results," commented LG. For the second quarter it expects even better results than the $123 million profit it racked up from phones in Q1, due to the imminent launch of the 5.5" Optimus G Pro in the US, and the arrival of the Optimus F and L II series that cover the gamut of market niches. No word was given on the rumored innovative Optimus G2 with touch navigational buttons, but there's a conference call tomorrow, so hopefully more would be revealed.

Press Release

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posted on 24 Apr 2013, 03:00 5

1. PapaSmurf (Posts: 8805; Member since: 14 May 2012)

Why is the article picture of a Samsung Galaxy S4 when it's an LG article..?

EDIT: Wow nevermind. It's the Optimus G Pro. It looks identical to the Galaxy 3/4/Note II.

posted on 24 Apr 2013, 03:13

3. Mittal (Posts: 434; Member since: 14 Dec 2011)

if that was the case then i think its corrected now!

posted on 24 Apr 2013, 03:11 2

2. pyradark (Posts: 781; Member since: 10 Jun 2012)

still no exact sales for Optimus G Pro, why is that??

posted on 24 Apr 2013, 03:33 4

4. TheBitterTruth (unregistered)

LG is improving slowly ! :)
Good Luck!!

posted on 24 Apr 2013, 03:34 2

5. asingha94 (Posts: 290; Member since: 08 Apr 2012)

I own a lg phone & they are very good!whatever its good that their sales getting better!

posted on 24 Apr 2013, 03:34

6. TheBitterTruth (unregistered)

Can you people tell us what is the exact sales figure of LG Optimus G pro?

posted on 24 Apr 2013, 04:57 1

7. darac (Posts: 2156; Member since: 17 Oct 2011)

And this yet again confirms that Android is not just Samsung's candy.
LG, Sony are on the rise, and I expect Sony to post record numbers for its smartphone business, for the same period.

And HTC will finally bounce back in the next quarter.

Huawei an ZTE are growing constantly, posting healthy profits, mostly thanks to Android

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