Top 10 Upcoming Smartphones 2018

Top 10 Upcoming Smartphones 2018

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LG sells a record 14.5 million smartphones as profits nearly triple

LG sells a record 14.5 million smartphones as profits nearly triple 

LG has just reported a record quarter for mobile phone sales, showing that it's taking advantage of a slump from arch-rival Samsung. LG sold 14.5 million handsets over the last quarter, its highest total ever and 20 percent more than last year -- with more than a third of those LTE models. It chalked up most of the success to its well-reviewed top-of-the-lineG3 handset, along with strong sales of its mid-range L products. LG's mobile division scooped up KRW 3.6 trillion ($3.5 billion) and put an end to three straight quarters of losses. Home entertainment also performed well, climbing 3 percent on the strength of higher-margin UltraHD 4K sets. All that resulted in an operating profit of KRW 412 billion ($599 million) -- not nearly Samsung-level numbers, but at least LG's are going up, notdown.

SEOUL, July 24, 2014 — LG Electronics Inc. (LG) announced a 165 percent increase in second-quarter net profit compared with the same period last year, reflecting strong earnings from both the TV and mobile operations. LG reported second-quarter 2014 net profit of KRW 412 billion (USD 399.8 million) and operating profit of KRW 606 billion (USD 588.5million), an increase of 26.5 percent year-over-year. Unaudited second quarter consolidated revenues of KRW 15.37 trillion (USD 14.93 billion) increased 7.7 percent from the previous quarter.