LG had a pretty good Q2 2014 that they can be proud of. The biggest highlight for their mobile division was that they shipped a record-high 14.5 million smartphones, enough for the mobile division to turn a profit for the first time in four quarters. Those profits came on the back of $3.51 billion in sales, $83.4 million of which was pure profit.
It’s not a huge amount of money to drop into the pocketbook for a big company like LG, but a profitable business means they can continue to invest in their research and development and keep introducing the innovations that helped them to results like this. LG has made considerable strides in their phone business in the past two years.
A noticeable uptick in smartphone quality, new display features that no other company is matching (such as 4K resolution and virtually unbreakable displays) and improved software have all contributed to a product line that is now pulling as much attention as HTC’s One series. They still have some ways to go to match Samsung’s prowess, but doesn’t everybody these days?