LG sold almost 60 million smartphones in 2014, reports positive financial results

LG sold almost 60 million smartphones in 2014, reports positive financial results
While Samsung isn't doing too well when it comes to smartphone sales and profits, LG announced that its financial results for 2014 were positively impacted by a 24% increase in smartphone shipments.

LG sold a total of 78.2 million mobile handsets throughout 2014, with 59.1 million of them being smartphones. This doesn't seem to be enough for top 5, since Huawei sold 75 million smartphones, Xiaomi shipped 61 million, and the Lenovo-Motorola duo certainly also sold more than 60 million units. Even so, LG is happy with how things went last year. The company says that shipments in North America increased 78% in the fourth quarter of 2014.

LG expects 2015 to be challenging in the smartphone market, seeing "greater competition globally from various manufacturers." The company will focus on consolidating its brand power, targeting key markets, and operating more efficiently.

Overall, LG (including the Home Entertainment, Appliances, and Air Conditioning & Energy Solutions units) posted consolidated revenues of $55.91 billion, and a net profit of $474.8 million for full year 2014 - a 125% increase over 2013. For more on LG's latest financial results, check out the company's press release at the source link below.


source: LG

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13 Comments

1. You_Dont_Say

Posts: 431; Member since: Jan 26, 2015

I can't wait for the G4. LG is steadily earning ground on Samsung.

9. techperson211

Posts: 1280; Member since: Feb 27, 2014

Kudos LG!!!

10. livyatan

Posts: 867; Member since: Jun 19, 2013

LG can do nothing against Samsung semiconductor advantage. LG has to use Snapdragon, while Samsung can produce superior chip. Keep in mind that Exynos 7240 is clearly better than Snapdragon 810 because of newer and much better process node (14nm finFET vs 20nm standard TSMC) Once they fix the design and bad perception of TouchWiz, (and they will do exactly that with the S6) combined with their hardwar, Samsung will have no weak points left and will pool ahead again, at least in the high end market

12. zachki17

Posts: 294; Member since: Sep 14, 2014

LG has her own Home Soc octa core named Nuclun .. It Quad core 1.5 +Quad core 1.7 =8 perform very well

13. AfterShock

Posts: 4146; Member since: Nov 02, 2012

Against what? Links please as LG has said themselves its not ready last I read. As is, I doubt it surpasses a S800.

2. Kishin

Posts: 706; Member since: May 30, 2013

Good for LG.

3. cncrim

Posts: 1588; Member since: Aug 15, 2011

I love my G3, but if G4 manage to have front/bottom speaker then it will be all around phone for me.

4. Cela911

Posts: 18; Member since: Jan 15, 2015

Excited about the new LG G4 :D Go LG!!

5. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

Good going LG.

6. jcass5467 unregistered

Been an lg fan since the lg spectrum, lg has really been doing better since, I have a g3 and its the best phone ive ever had, and its running a aosp rom and it has no lag at all.

7. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

Well done. LG!

8. EC112987

Posts: 1215; Member since: Nov 10, 2014

I personally didn't like the G3 but did enjoy the G2..with that said congrats LG!!

11. ddeath

Posts: 170; Member since: Apr 14, 2012

I think LG definitely did with their G3. I own one and so does a lot of my friends and colleagues around me. Most of them came from owning a Samsung (like me) or Sony. I even got a Japan version G3, isai, for the wife. Hope they continue their strength with the G4. Samsung really need to get their act together and stop flooding the market with 1001 versions of their Galaxy range. Seriously doing more damage than good.

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