LG

LG reports record sales of 12.1 million smartphones in Q2

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

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15 Comments

1. UrbanPhantom

Posts: 949; Member since: Oct 30, 2012

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

9. WHoyton1

Posts: 1635; Member since: Feb 21, 2013

How are Samsung evil exactly?

11. ryq24

Posts: 875; Member since: Oct 17, 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! :-)

2. SakuroAkino

Posts: 141; Member since: Jul 12, 2013

still better than lumia :D

4. UrbanPhantom

Posts: 949; Member since: Oct 30, 2012

Ummm, no.

8. WHoyton1

Posts: 1635; Member since: Feb 21, 2013

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

10. chaoticrazor

Posts: 2347; Member since: Aug 28, 2012

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

3. sri_tech

Posts: 188; Member since: May 21, 2013

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

12. pslee

Posts: 40; Member since: Dec 05, 2012

i think its around $4.5 per phone.

5. livyatan

Posts: 867; Member since: Jun 19, 2013

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

7. pyradark

Posts: 895; Member since: Jun 10, 2012

expensive charge more profit

6. pyradark

Posts: 895; Member since: Jun 10, 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

13. DONUT

Posts: 436; Member since: Jun 27, 2013

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

14. darktranquillity

Posts: 285; Member since: Feb 28, 2012

my next phone will bw lg

15. ncarlosmiguel

Posts: 206; Member since: May 14, 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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