Thursday , October 19 2017

LG’s improving sales turn around three quarters of losses

LG Logo

LG‘s just released their financial results for Q2 (Apr-Jun) 2014, and if you’re a fan of the company then things are looking pretty good. The company’s turned a profit of AU $625m (US$588.5m), an increase of 26.5% year-over-year.

A decent chunk of this – and the part we care most about – is coming from the modestly-named LG Mobile Communications Company division, which shipped 14.5 million smartphones in Q2 (a 16% increase in sales), ending three consecutive quarters of losses. People want LG phones, and we can’t fault them for that.

Much of this success is attributed to initial enthusiasm and success of the company’s shiny new G3 phone, hitting Australian shelves in just a couple of weeks’ time, and their well-received L Series III devices.

It’s LG’s best quarter in terms of sales revenue since 2010, an impressive turnaround the company has been engineering for itself over the last few years after a somewhat disastrous start in the early days of the Android market. LG has now seen success in the low-end, leading to premium devices like the Optimus G, G2 and G3, and the company’s co-operation with Google on its Nexus 4 and Nexus 5 smartphones (not to mention the G Watch) has left the company in good standing with enthusiasts and consumers alike in the market – whether that co-operation is set to continue is another question.

 

Jason Murray   Deputy Editor

Before discovering the Nexus One, Jason thought he didn't need a smartphone. Now he can't bear to be without his Android phone. Jason hails from Sydney, Melbourne or Brisbane depending on his mood and how detailed a history you'd like. A web developer by day with an interest in consumer gadgets and electronics, he also enjoys reading comics and has a worryingly large collection of Transformers figures. He'd like to think he's a gamer, but his Wii has been in a box since he moved to Sydney, and his PlayStation Vita collection is quite lacking. Most mornings you'll find him tilting at various windmills on Twitter - follow @JM77 and say hi!

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