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LG clocks up record smartphone sales and profit in the third quarter

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By Daniel Petrov

Updated: Oct 29, 2014, 3:45 AM

LG clocks up record smartphone sales and profit in the third quarter

The LG Mobile Communications Company, aka the folks that are behind the G3 flagship, moved the record-breaking for the company 16.8 million smartphones last quarter, which is a whopping 39% year-on-year increase, and 16% compared to the previous quarter. The mobile division clocked in $4.14 billion of revenue, with $163 million operating income, which are the highest numbers since 2009.

LG expects this momentum to continue, building on the success of the G and L series, despite the maniacal competition that is blooming in the industry right now. The company was the first to announce a dual-core and 3D-capable handsets, as well as the first brand-name maker to out a flagship with a Quad HD resolution display. It was also brave enough to rework its designs for more ergonomic usage, moving the lock and volume keys on the back, instead of following the sides tradition, so we are pretty hopeful that LG's momentum will continue indeed.

source: LG

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Daniel, a devoted tech writer at PhoneArena from 2010 to 2025, has been engrossed in mobile technology since the Windows Mobile era. His expertise spans mobile hardware, software, and carrier networks, and he's keenly interested in the future of digital health, car connectivity, and 5G. Beyond his professional pursuits, Daniel finds balance in travel, reading, and exploring new tech innovations, while contemplating the ethical and privacy implications of our digital future.