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Once upon a time, LG wasn’t doing too well. They were losing a lot of money on their mobile business, with only their dumbphone segment picking up the slack in light of poor smartphone performance. We’re long removed from those days, though, and LG has been doing a lot better. The South Korean company has announced really decent numbers for Q3 2013.
LG is enjoying revenue of $12.5 billion on the quarter with 196.34 million being profit, though that’s the sum of all their businesses. You can credit the mobile side of things for $2.75 billion of that, which is a 24% increase compared to the same quarter in 2012.
LG’s success in the mobile arena is a testament to the company’s new strategy that was first employed in 2012. It started with devices like the LG Optimus G and Optimus G Pro, and continued into 2013 with the launch of the stunning LG G2. Our review of the device revealed that, well, it’s one hot mama, and that’s enough to help any company put together a successful quarter (and a successful year).
LG will look to continue this success with developments like the LG G Flex, the first smartphone that will come with a flexible display that’s virtually indestructible. That phone isn’t yet official, but we’ve seen more than enough evidence to suggest it’s real. Be sure to check out the latest leaked photos and video of the device here. Let’s hope the good fortunes continue for the company that’s always celebrating the goodness of life.
My Uncle Easton recently got Mazda MAZDA3 Hatchback by working part time at home. more www.JAM20.com
So what? my Aunt Betty recently got a Ford Pinto for free.
My uncle Rico got a Van just like this one for free http://www.blogcdn.com/www.autoblog.com/media/2008/08/ricos_van_450.jpg
What makes him such a loser by the way.
I’d like to say the Nexus 4 contributed to their success. Before, no one cared about LG, but after the last Nexus and the upcoming one, people are starting to realize LG can be as good as Samsung or any other company.
The LG G Flex has my interest.
I like LG.
I will be going back to them next year. I should never have left them to start with, but with so many smartphones you have to try a few different ones out. I think LG’s share of the smartphone market will grow and grow.
Look out Samsung!!
Nexus 5 == MIA
it reminds me of what HTC used to be like, an upcoming underdog. I’m really liking lgs products as of late
Had last year’s Optimus G, and loved it enough to upgrade to the G2 I think LG is on the right track to challenge Samsung.
Glad to see this. My g2 is the best phone I’ve ever had.
Glad to see LG doing well. I don’t like it to be an all Samsung show when it comes to Android success.
Started from the the bottom now they here
Proud contributed right here (Nexus 4 owner). It’s the best phone I’ve ever had.
I said it last year, HTC And LG are going to trade places. LG is gonna rise and HTC is gonna fall ( unfortunately).
Very good, LG is a great company :)
Glad LG is turning a few heads. Now if they can just do something about their OS update schedule, it could make a major difference.