LG confirms LG G3 in positive quarterly financial report

First thing’s first: LG Electronics had a pretty damn good Q1 2014. The company posted revenues of $13.35 billion company-wide, which was a meager 1.2% over the same quarter a year ago.

LG logo wm watermarked

Positive is positive, though, so kudos to them. That led to increased net profit of $86.82 million. Drilling down further, LG’s mobile sector shipped 12.3 million smartphones, which was a 19% increase from the same period a year ago.

Those smartphones accounted for 75% of all LG Mobile sales, which means they’re finally moving the needle up against Samsung. It might not amount to a ton when considering Samsung’s own growth, but for as hard as it is to keep a steady train of success going in this industry it can be marked as a big feat. Revenue from the Mobile division was about $3.19 billion, which is just under a quarter of all company-wide revenue — not too shabby, LG.

With that, LG felt it necessary to mention that they expect these numbers to get even better in Q2, and in explaining why they believe that they were willing to name drop their next flagship smartphone — the LG G3. We’d be fools not to think it exists, but hard confirmation from the source is always noteworthy.

lg-g3-2_3

Rumors say the G3 should be rolling in with a 5.5-inch QHD display (2560 x 1440), LG Odin octa-core CPU, and a 16 megapixel camera. It’ll also be continuing LG’s trend of rear buttons as opposed to the traditional side-mounted affair. 

Also expected to contribute to LG’s Q2 is a wider launch of their L-Series III line, their entry-level smartphones for budget-minded consumers. Head to the source link if you’re interested in the full numbers.

[via LG]

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  • J Cav the Great

    why did it have to go from 5.2 to 5.5 inch screen? I wonder how this is going to be proportioned…this is clearly phablet territory…don’t they have the Pro series for that?

    • qpinto

      even less bezel space. the g3 should be slightly bigger than the G2 however increase size just a smidget more. the g3 should still be smaller than the sony Z1 however and that makes it one device that is all screen which I like

  • toomuchgame441

    Me want… LG always does justice when it comes to the screen and screen size. They always make it just wide enough so it doesn’t look borderline retarded like the ridiculously skinny HTC LCDs… I was hard pressed on getting an M8, but I think the G3 will be the overall better device, especially if they revamp their UI like they’re looking to do

  • malcmilli

    hmm i hope this Odin processor holds up in the battery department, or perhaps the snapdragon 801/805 will be in this device for the US version.

  • a) youth.in.asia

    The LG G2 is still going strong, I’ll wait for the NEXUS 6 or look at the LG G4

    • Sean Royce

      G4? Do you mean G3?

      • a) youth.in.asia

        As in I like the look of my current G2 to the G3 if that is a true leak. I’ll skip the G3 and wait for the G4 next year

        • Sean Royce

          Fair enough.

  • omacmagic

    I like what LG is doing on there hardware and software, they ate getting my attention. If I don’t buy the Nexus 6 the LG G3 could be the other option.

  • http://ENERDROID.COM IAN

    13 billion revenue and 86 billion net profit? That’s a cool trick! =)

    • domatau

      i’m guessing the author mixed up the currency as that doesn’t make sense.

  • virginia662

    my Aunty Amelia got a new blue Land Rover
    LR4 only from working part time off a home computer… helpful hints C­a­s­h­D­u­t­i­e­s­.­ℂ­o­m

    • Durin123

      My aunty is going to bury her Mauser bayonet in your skull if you don’t stop spamming.

    • a) youth.in.asia

      *in little girl voice* You said duties!

    • j7981

      That’s good for her, but I actually made enough to buy two LR4s! Try http://goo.gl /n56b7a for more information.

  • Ryan O’Neill

    A 5.5″ screen would be a deal breaker… looks like Motorola is the only option left.

  • Dr. Mark Lipschitz

    Big box for a phone or very small hands