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LG sets a record of 20% growth as they sold 14.5 million smartphones in second quarter

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During the second quarter of of 2014, LG has received an increase of 20 percent as they set a record of 14.5 million sold smartphones, announced today by the South Korean manufacturer. It is an added good news for LG as it is also reported that they had experienced 17 percent growth from first quarter of 2014.

LG's high returns of profit, including that of the mobile division, KRW 3.6 trillion ($3.5 billion), the highest recorded sales since 2010, and an operating profit of KRW 85.8 billion ( $83.4 million), have contributed big time to the company's progress as they have successfully covered their losses from the previous three consecutive quarters. The effectiveness of their performance this quarter is clearly reflected by the continuing demands for G3 and of the mid-range L series of handsets.

An increase in demand for smartphones with LTE features is highly predicted by the reason that a third of this year's shipments only includes handsets with LTE connectivity. LG also has plans to launch its very own G3 in more global markets, saying that they intend to introduce additional models, like the G3 Beat.

source: LG via
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