LG is really hitting their stride when it comes to knowing how to deliver desirable smartphones, and their latest quarterly results prove it. The company reported revenue and profit of $12.72 billion and $34.91 million, respectively. The profit is up “significantly” compared to the last quarter, all the while revenue was virtually the same as it was in the same period a year ago.
LG has many businesses that contributed to the result, though they noted their smartphone business has been doing quite well. The company shipped a total of 15.4 million smartphones last quarter, a 26% increase from the same period a year ago. It also accounted for $3.27 billion of the overall revenue, which is a 5% year-on-year increase.
The result was helped by particularly strong performances in North America and their hometown of South Korea. The former region’s smartphone sales jumped a whopping 66% year-on-year, while quarter-over-quarter performance in South Korea jumped 57%.
Much of the company’s success in the mobile sector last quarter can be credited to the launch of the intriguing LG G Flex 2, our review of which you can find right here. Expect the forthcoming LG G4 (see our hands-on) to take the baton and do even more. It might not be enough to topple the current smartphone king known as Samsung, after a string of bad years earler in the decade we can’t imagine LG is disappointed about recent results.
from Phandroid http://ift.tt/1dspi4O