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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?
LG made it a point to mention that it wasn’t only the LG G3 and other flagship smartphone releases that helped them to these results, though. They gave a good portion of credit to the L-Series III lineup, a collection of mid-range smartphones to fit any budget. They might not be as flashy as LG’s recent releases, but the phones seem to be good enough at their affordable price points to fill the needs of many smartphone users.
For the entirety of the company, LG pulled in 399.8 million in net profit (26% increase year-on-year) on the back of $14.93 billion in revenue (7% increase quarter-over-quarter). Let’s hope the rest of 2014 is just as good for the company because there’s nothing quite like healthy competition.
I’m glad to see other OEMs starting to make some headway in the Android space. I think it’s important for Android to not be dominated by one OEM. I give Samsung major props for what they’ve accomplished, but I think we need more players.
So I went to a friend’s bday dinner. It was about 10 of us. I was the only person with a non-Samsung phone at the table. LoL!!
I felt alienated, but cool with my M8. No one even knew what phone I had. =.P
I agree and I believe lg is deservent to be the first OEM to upset the hierarchy that is Samsung. LG has stepped up big time and started making great devices with no compromise
I Am 75% sure LG will manufacture my next phone..I would increase that up to 90% if they make the next Nexus phone…
I agree, the HTC One M8 is a phone designed for people who form their own opinions.
Thanks for the laugh
Is that a middle finger or are you happy to see me?
LMAO! What a joke.
LG has two solid products going for it: Nexus and G series. The Nexus is harder for people to understand since they’re sold at little profit, but it is about a market share and contracts w/ Google. If people see the Nexus 5 as a device w/ good marksmanship, then they could consider buying a LG G if they want the latest and greatest. My problem w/ LG is their software. I think their UI is fugly and a lot of their first party apps are half done like that smart notification feature with the weather updates being inaccurate. I chose the HTC One M8 over the LG G3.
LG hit all the bases and made a solid product with good specs at a fair price.
I know that Nexus sales don’t account for much of an OEM’s total sales, but it seems like OEMs that work with Google on a Nexus see greater success in their other lines. HTC was a big player following the Nexus One (e.g., the Droid Incredible), though that fame was short-lived following a succession of bad devices. Samsung Galaxy devices really picked up steam during and following their Nexus S and G-Nex days, and few people really considered LG a player until the Nexus 4 and 5. I wonder if OEM’s pick up a few tips from working with Google, or maybe the positive attention given the OEM’s by Android press who love their Nexus devices somehow spreads into a public affection for their flagship lineups.
I was struck by the same thought.
The evidence strongly suggests that OEMs see huge benefits from working closely with the Android team through the Nexus program. Yet another reason I think it would be foolish to end it.
14.5mill…that’s it? apple and sammy move that in a few days and it took LG 3 months?
good for them but they obviously have long way to go. crawl before you walk.
I’m glad to see that LG is in the midst of turning things around, both from a business success and quality product/product support standpoint. Their recent run of high-end devices – G Pro, G2, G Pro 2 and G3 – have all been top tier, in my eyes. At this point, after switching from Samsung – the S2 and S3 – to the G Pro and Nexus 5, another company will have to do something big to get me to move away from LG.
No lie, I was thinking about leaving the M8 for the LG G3. It does look nice: that bezeless look it has.
Spamming A-Hole
screw you stupid spamming idiots for your crap scam
I’ve been telling for over a year that LG would be the next big player on mobile… and all people on this blog still think HTC is the sh*t…… ugh.
I have the G Flex and I am extremely satisfied with the phone! It’s a real beauty! That one issue with the screen happens but I got over that really fast. Can’t wait for the G Flex 2 or the G3 Pro. Not sure I can ever go back to Samsung now unless they really hit it out of the ballpark with Note 4.
Got my first LG recently, love it, so many more options then my previous HTC.
I got one LG G3 recently, cost me about $700,but it worths the price.I also buy one customized case for my G3 on http://www.casecoco.com/personalized-cases-for-others/lg-g3-casecoco-cases-183 .It worth the price too.
picked up a G3 this week and im in love with it.
I Thought he got an aston martin db5 . that’s what you said in an other post