LG ships 13.2 million smartphones in Q4 2013


LG logo wm watermarked

LG has announced performance results for the final quarter in 2013. Good news was abundant for the South Korean technology giant, with the company announcing overall revenues of $14.03 billion in Q4 2013. That added onto their end-year total to bring in $53.10 billion for the entirety of 2013. As good as those numbers look, LG’s profit margins on the year only increased to $1.17 billion, up slightly from the $1.08 million made in 2012.

So what helped LG to reach those numbers this past quarter? Well, their booming smartphone business isn’t a bad place to start. The company reportedly shipped 13.2 million smartphones in the fourth quarter, helping them to bring in $3.38 billion in revenue (which was 18% higher than Q3). That brought year-on-year revenue numbers for their mobile business to a significant 29% increase to the tune of $11.85 billion, meaning it made up for about a fifth of overall revenue.

LG’s mobile business was beat by home entertainment (television and blu-ray), though that particular division saw overall profits decline by about 5%. They were able t beat out appliances and home energy solutions, though, making mobile one of LG’s most important sectors going forward. For 2014, LG’s looking to increase revenues to about $57 billion, and we don’t see them having a problem meeting that goal if their mobile business is just as good as it was in 2013.

[via LG]

Quentyn Kennemer
The "Google Phone" sounded too awesome to pass up, so I bought a G1. The rest is history. And yes, I know my name isn't Wilson.

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  1. I’m curious to know the sales numbers for the Nexus 5.

    1. Every iteration has sold better than the previous. By including LTE and 32gb of storage, the 5 probably generated more interest than the 4.

  2. I really hope this is a sign that other OEMs are gaining Android marketshare. I like Samsung, but one OEM controlling over half the market is a bit too much. I think we’ll also see better numbers from Motorola by the end of this quarter with the global G launch and the X in Europe.

  3. “LG’s profit margins on the year only increased to $1.17 billion, up slightly from the $1.08 million made in 2012.”

    Millions to billions is only a slight increase? :p

    Good to see LG putting up big numbers. They are one of my favorite manufacturer thus far, up there with Moto. Now let’s throw HTC a bone.

  4. Good on LG. Need more players to profit. I personally love the G2.

  5. The G2 is a fantastic phone, and I am sure the Nexus 5 helped their figures out a lot.

  6. Lg is now what HTC used to be and vice versa. Great job LG

  7. I wonder how big of a roll the nexus 5 played in their mobile boost. I personally love mine.

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