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LG ships 12.3 Million smartphones in their Quarter 1, 2014 earnings

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Published On April 29, 2014 By Syamanth Sreejith
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LG Electronics, Incorporated also announced their Quarter 1 earnings report today, where this South Korean company noted 319 percent increase in their net profit, when we compare their numbers of the same quarter of the previous year. This Quarter 1, LG gained 92.60 Billion KRW (86.62 Million United States Dollars) with an operating profit of 504 Billion KRW ($471.47 Million), where the company marked significant improvement from their previous quarter. So, this first quarter for the South Koreans managed a consolidated revenue of 14.27 Trillion KRW ($13.35 Billion), with an increase of 1.2 percent from the same quarter of 2013.

 Now, according to our department, LG Mobile Communications Company, shipped about 12.3 Million smartphones in the first three months, taking 75 percent of all phones shipped, the firm marked an increase of 19 percent from the same period, last year. Life's Good also said that, they have shipped five Million 4G LTE smartphone, which is the most ever in a single quarter. A revenue of 3.41 Trillion KRW ($3.19 Billion), which increased by 6 percent year-after-year. LG expect higher revenue in the second quarter for the company, with the sales of L Series III smartphones and their announcement of the company's 2014 flagship handset, the upcoming, rumored and leaked LG G3.

 Source: LG
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About author: Syamanth Sreejith

Syamanth is the Founder, Co-Owner Senior News Writer at THE PHONES GUIDE. He is a full-time media communications correspondent and mobile technology news writer and blogger, currently in charge of THE PHONES GUIDE, THE PHONES GUIDE BLOG and THE PHONES GUIDE on Medium.

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