LG Sells 12.1 Million Smartphones last quarter

LG Optimus G SmartphoneThe Mobile division of LG Electronics is now celebrating a milestone, as the company recently announced the 2nd quarter financial results which shows success for the company. According to the reports, the company shipped a total of 12.1 million smartphones between April and June of 2013, which happens to be the most handsets the company has managed to ship in a single quarter.

The LG Mobile Communications Company continued to improve its position in the second quarter recording revenues of KRW 3.12 trillion (USD 2.78 billion), an increase of 34.5 percent from the same period last year. The company shipped 12.1 million smartphones in the second quarter, a new quarterly unit sales record for LG. Operating profit increased year-over-year to KRW 61 billion (USD 54.37 million) but declined from the previous quarter as a result of weaker demand in the Korean market, lower average selling price due to increased competition, and higher marketing investments. Shipments from mass-market smartphone models such as L-Series II and F-Series are expected to drive sales growth, while high-end products such as G Pro and LG G2 should increase the company’s product competitiveness.

LG has a few new smartphone that they are expected to release shortly, devices such as the G2 which is highly anticipated and could increase sales for the company further.

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