LG sells a record-breaking 16.8 million smartphones, doubles profit

[techbeck]

As Samsung struggles and Apple starts to encroach on the Android mainstay of giant screens, LG's smartphones are doing alright. In fact they're doing pretty darn well. Announcing a record number of smartphones sold and the best quarter in five years, LG's sales totaled 16.8 million devices and the company announced an operating profit of $450 million, roughly double from the same period last year. Shipments of the mobile arm leapt 39 percent, although the good news was tempered (if only a little), by lower operating profits in the same quarter from its Home Appliance and a $2.44 million operating loss from its Air Conditioning arm, although LG reckons weather conditions were the cause for lower sales in its native Korea.

 

More...

 

http://www.engadget.com/2014/10/29/lg-q3-2014-record-smartphone-sales/