April 29, 2014 7:13am
LG announced its Q1 results today and it seems people around the world are embracing their products. Specifically from a mobile perspective, the LG Mobile Communications group saw revenues grow 6% to $3.19 billion (USD) mainly from smartphone shipments of 12.3 million, up a respectable 19% from the previous year, and represent 75% of all phones shipped in the quarter. LG noted that 5 million of these devices were LTE enabled smartphones. No word on how the curved LG G Flex faired in the market.
LG noted that the release of the G Pro 2, which didn’t see a Canadian release, helped boost profits. Looking forward, LG confirmed that the rumoured G3 exists and it’ll arrive sometime in Q2, along with new L Series III devices: “Higher revenues are expected in the second quarter with the release of the flagship LG G3 smartphone and wider roll-out of the mass-tier L Series III.”