LG scores a record-breaking quarter, seemingly confirms even more LG G3 variations


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

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28 Comments

1. NoFanboy

Posts: 300; Member since: Nov 18, 2013

Good job LG you deserve it. People are still finding out how good the g2 was.

3. StraightEdgeNexus

Posts: 3689; Member since: Feb 14, 2014

And how worse G3 is....

10. Jeremy75

Posts: 6; Member since: Jul 24, 2014

G3 it's just the best phone in 2014 for almost all the reviewers...

13. chunky1x

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.

21. FTWGT86

Posts: 10; Member since: May 06, 2014

The S5 is water resistant not water proof, there's a huge difference.

22. Brosepower

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...

14. cezarepc

Posts: 718; Member since: Nov 23, 2012

We haven't seen: -next gen iPhone -Galaxy Alpha/Beta/Charlie/Prime whatever -next Note -next Xperia flagship ..I'm saving my judgement until all of these are out

15. chunky1x

Posts: 270; Member since: Mar 28, 2010

Don't forget G4 is coming this year.

16. StraightEdgeNexus

Posts: 3689; Member since: Feb 14, 2014

G4? From Lg?

17. chunky1x

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.

25. DONUT

Posts: 436; Member since: Jun 27, 2013

LG 6 month cycle is G series and G Pro. We will see the G Pro 3 next not the G4

28. PeterK.

Posts: 314; Member since: Nov 13, 2013

Are you 100% sure that the Galaxy S5 came out just 6 months after the Galaxy S4?

9. Nath4N

Posts: 29; Member since: Apr 19, 2014

i bought a G2 two weeks ago and i love it

2. StraightEdgeNexus

Posts: 3689; Member since: Feb 14, 2014

Life's good so far :)

4. Alex123

Posts: 241; Member since: Oct 17, 2012

Congrats LG and keep it up! G3 is just a perfect package to me.

5. lee480 unregistered

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.

7. Japultra

Posts: 133; Member since: May 16, 2014

I don't think you read the article properly.

8. Canaan

Posts: 351; Member since: May 25, 2014

As the other member said you must have not read the whole article as it clearly states that they finally made a profit.

6. HugoBarraCyanogenmod

Posts: 1412; Member since: Jul 06, 2014

good job for LG

11. GreekGeek

Posts: 1276; Member since: Mar 22, 2014

The G3 was a bit underwhelming, people quickly jumped into the hype. Display quality (yes, the display quality) and battery life leaves somethingto be desired

12. pyradark

Posts: 895; Member since: Jun 10, 2012

Lol!!! Sony got 4.6B profit for 9M sold unit

20. Jeremy75

Posts: 6; 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..

27. justsayit

Posts: 256; Member since: May 09, 2013

because sony phone is overpriced! i can get a g2 for 350USD \ at the same prrice range,i only can get the horrible xperia z for 450USD if from sony

18. zinger69

Posts: 86; Member since: Feb 13, 2014

I'm still loving my G2, and I'm strongly considering getting a G3. Nice job LG!

19. Zack_2014

Posts: 677; Member since: Mar 25, 2014

LG G2 all the way. G3 is just oversized.

23. Canaan

Posts: 351; Member since: May 25, 2014

It seems rather compact considering its screen size. The Galaxy S5 is practically as tall as the G3 despite it (S5) having a 5.1 inch screen, though the G3 does look slightly wider.

24. ThreeFourSeven

Posts: 34; Member since: Nov 23, 2011

I'm happy for LG cause I remember a specific company saying you can't make money using Android because of Samsung.

26. BobbyDigital

Posts: 2124; Member since: May 29, 2014

Great going LG! My favorite tech company(along with Google). I love my G2 and will definitely be getting the G3!

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