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LG sells a record 12.1 million smartphones in Q2 2013, earnings are slightly lower

LG's Q2 2013 earnings are lower than last year, but they sold a record 12.1 million smartphones in the three-month period
| Business, Financial & Legal News | Posted: Jul 24, 2013 9:23 am

Just how are South Korean electronics giant LG faring this year? Well, their Q2 2013 earnings report is out, pointing to profits dropping $139 million compared year-over-year for the same quarter.

 

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LG did ship a record 12.1 million smartphones in the quarter, with an operating profit for their mobile division not doing as well as last quarter. But, it did grow year-over-year to 54.37 million with LG hoping that smartphones like the Optimus L II, Optimus F and the upcoming flagship G2 to continue their record sales.

 

TV revenue dropped year-over-year, with the South Korean company blaming lower demand and increased competition in the TV space. But we have noticed that Ultra HD and OLED TVs are coming, which should either have an overall positive, or negative effect on LG going into the second half of 2013.

NEWS SOURCES:Engadget.com

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