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LG electronics sells 14.5 million smartphones in Q2 |
Tsepz_GP
Joined: Dec 27, 2006
Posts: > 500
From: Johannesburg, South Africa
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LG Electronics just released its quarterly results for the second financial quarter of this year and things are looking good for the company.
LG reported second-quarter 2014 net profit of KRW 412 billion (USD 399.8 million) and operating profit of KRW 606 billion (USD 588.5 million), an increase of 26.5 percent year-over-year. Unaudited second quarter consolidated revenues of KRW 15.37 trillion (USD 14.93 billion) increased 7.7 percent from the previous quarter.
The LG Mobile Communications Company shipped a record-high 14.5 million smartphones in the second quarter, a 20 percent increase year-over-year with LTE products accounting for more than one-third of all LG smartphones sold this year. As a result, sales increased 16 percent from the same period last year to KRW 3.62 trillion (USD 3.51 billion), the highest since the first quarter of 2010. The mobile division’s operating profit of KRW 85.9 billion (USD 83.4 million) in the second quarter put an end to three consecutive quarters of losses.
The LG Home Entertainment Company did well, too, with second-quarter revenues of KRW 5.09 trillion (USD 4.94 billion), a 3 percent increase quarter-over-quarter and almost unchanged from the same quarter 2013. Operating profit of KRW 154.5 billion (USD 150 million) was an increase of 64.9 percent from the same quarter last year.
The LG Home Appliance Company saw a second-quarter revenue of KRW 3.03 trillion (USD 2.94 billion) was 5 percent lower compared with the same period last year whereas the LG Air Conditioning & Energy Solution Company saw revenues of KRW 1.64 trillion (USD 1.59 billion) and operating profit of KRW 164.2 billion (USD 159.4 million) in the second quarter.
Source
LG Electronics Profit Beats Estimates on TVs, G3 Phone
Bloomberg
[ This Message was edited by: Tsepz_GP on 2014-07-24 12:58 ] Phone: iPhone 15 Pro Max Black Ti 512GB
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Bonovox
Joined: Apr 13, 2008
Posts: > 500
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Go LG I just wish they did better with the G3 which was a big let down
Phone?? What phone?? |
aussieland1
Joined: Apr 11, 2013
Posts: > 500
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LG G3 is definitely not a let down for me but like with everything there is room for improvement.
Anyway well down LG it is nice to see other phone manufacturers (except for Apple and Samsung) making profits |
Tsepz_GP
Joined: Dec 27, 2006
Posts: > 500
From: Johannesburg, South Africa
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Indeed!
Humble pie served to those who claimed that only Samsung can profit from Android.....same people who before saying that said nobody can profit from Android.
LG have done a fantastic job, at least we now have a real rival to Samsung that will hopefully keep them on their toes. 
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Droid: Huawei Mate 40 Pro 256GB |
Fransisco
Joined: Jul 28, 2012
Posts: 31
From: Indonesia
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It is actually no brainer that LG will make a good profit. Basically ANY korean companies, regardless how good or bad their products are, will make profit in this time of the year. The reason? Simple. The craze over korean things simply get crazier and crazier.  |
Gitaroo
Joined: Aug 17, 2013
Posts: > 500
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On 2014-07-25 10:21:53, Tsepz_GP wrote:
Indeed!
Humble pie served to those who claimed that only Samsung can profit from Android.....same people who before saying that said nobody can profit from Android.
LG have done a fantastic job, at least we now have a real rival to Samsung that will hopefully keep them on their toes.
Real rival is probably those chinese company just for mainland market alone is quickly eating chunks of market share away each year. Other can do good but still not even close. |
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Posted: 2014-07-24 13:53
