Samsung is still technically King of Smartphones, but it’s really struggling to hold onto that reputation of being an unstoppable juggernaut, as evidenced by its disappointing quarterly results.
Fellow South Korean manufacturer LG is a few places down the Top 5, yes, but it’s had yet another record-breaking quarter, its best quarter, in fact, since 2009.
Starting with the money side of things, LG Mobile reports sales of KRW 4.25 trillion (GBP 2.57 billion) and operating income of KRW 167.4 billion (GBP 101 million), the highest those figures have been in five years.
In terms of volume, LG’s previous quarterly record of 14.5 million, which was set last quarter, is emphatically smashed with 16.8 million 3Q14 units shipped. Even more impressive, that’s a whopping 39% year-on-year increase.
Interestingly, LG Home Entertainment Company, LG Home Appliance Company and LG Air Conditioning & Energy Solution Company all reported slight year-on-year drops, with special thanks for overall performance going to LG Mobile.
LG gives specific credit to its G Series phones at the top of the smartphone spectrum, alongside its modest L Series offerings.
Looking ahead, LG Mobile expects to “strengthen its position… despite the landscape becoming more competitive.”
Most recently, LG announced the G3 Screen, notable for being powered by NUCLUN, the company's first in-house mobile application processor.