LG sold almost 60 million smartphones in 2014, reports positive financial results
posted by Florin T. / Jan 28, 2015, 11:57 PM
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.
Posts: 431; Member since: Jan 26, 2015
I can't wait for the G4. LG is steadily earning ground on Samsung.
posted on Jan 28, 2015, 11:58 PM 6
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
posted on Jan 29, 2015, 2:37 AM 1
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.
posted on Jan 29, 2015, 5:12 AM 1
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