LG scores a record-breaking quarter, seemingly confirms even more LG G3 variations
posted by Peter K. / Jul 24, 2014, 3:08 AM
Just as it was speculated several months ago, LG's second financial quarter was more than good for the company. 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 states. 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 at the moment, and we can only hope that this upward trend will continue to go... well, upwards.
source: LG via Android Central
Posts: 300; Member since: Nov 18, 2013
Good job LG you deserve it. People are still finding out how good the g2 was.
posted on Jul 24, 2014, 3:16 AM 21
Posts: 3689; Member since: Feb 14, 2014
And how worse G3 is....
posted on Jul 24, 2014, 3:18 AM 6
Posts: 270; Member since: Mar 28, 2010
Not really the best. It is a little behind in some areas when compared to the S5 and the price for the unlock version is almost the same as the S5 considering that the latter has waterproof and better camera. However, this certainly one of the top tier phones this year so far.
posted on Jul 24, 2014, 7:20 AM 3
Posts: 35; Member since: Apr 21, 2014
Well the reviewers say and rate it at the top. If you check out any major tech website it is consistently rated as the top phone. Phonearena, verge, engadget, forbes, trustedreviews, and many others all rate it at the top. So... it kind of is...
posted on Jul 24, 2014, 1:53 PM 0
Posts: 270; Member since: Mar 28, 2010
Yes. There is a strong possibility because of shorten product cycles. 6 months cycle to be exact. Samsung was the first one to do it(S4 to S5). LG and Sony said they would do this. Also some prime version will also come in both LG and Samsung this year.
posted on Jul 24, 2014, 8:16 AM 0
What's the point selling that much smartphones when LG cant even make a cent of profit? LG have been bleeding money since they started their smartphone business.
posted on Jul 24, 2014, 3:25 AM 1
Posts: 895; Member since: Jun 10, 2012
Lol!!! Sony got 4.6B profit for 9M sold unit
posted on Jul 24, 2014, 5:19 AM 0
Posts: 2; Member since: Jul 24, 2014
what f..ing are you sayng.. Sony sold 8.8M of smartphone in Q1 2014 but operative profit is around 250 M$ for all the fiscal year (Apr 2013 - March 2014) for all the business division (mobile, Home entertaiment, music, etc) Which is quite poor compare to the fact LG gained almost 90 millions$ in one quarter only with mobile business.. LG mobile is most profitable than Sony by far..
posted on Jul 24, 2014, 10:59 AM 2
Posts: 677; Member since: Mar 25, 2014
LG G2 all the way. G3 is just oversized.
posted on Jul 24, 2014, 10:46 AM 0
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