LG’s a funny one. It’s quite clearly South Korea’s second favourite son after Samsung, but worth remembering that it routinely features in the Top 5 Global Smartphone Manufacturers.
Indeed, while Samsung is struggling at the top, the other South Korean OEM has just confirmed that its second quarter was nothing short of freakin’ delightful. Lucky Gits.
That’s the good word from LG itself, which shares – in the LG Newsroom – a whole bunch of figures and percentages pertaining to its second-quarter performance.
For starters, how about a record-high 14.5 million smartphone shipments, a 20% increase over the year-ago period. LTE devices in particular accounted for a third of all LG smartphones sold in Q2.
In terms of moolah, the mobile division’s operating profit of KRW 85.9 billion (roughly £49 million) emphatically pulls LG out of three consecutive quarters of losses, with credit going to Korean hunger for the flagship LG G3, the first big-name QHD phone, as well as the L Series III.
For the second half of 2014, LG plans to pump out more LG G3 variants (in addition to the recent G3 Beat) and new L Series chaps. Heck, if it ain’t broke, don’t fix it, right?