LG’s smartphone sales have increased by 66 percent in North America

BY Rajesh Pandey

Published 29 Apr 2015


LG has just announced its unaudited financial report for Q1, 2015 that saw the company earn a net profit of KRW 38.4 billion (USD 34.91 million) on revenues of 13.99 trillion (USD 12.72 billion).

Despite the revenue of the company remaining unchanged from the previous quarter, its net and operating profit increased significantly in Q1, 2015.

While revenues from its TV division declined, the company’s smartphone division posted its best quarter ever — revenue wise — since the introduction of their first Android device in 2010.

LG shipped 15.4 million smartphones in the first quarter of 2015 — an increase of 26 percent on a YoY basis. Notably, the company saw its sales increase by a staggering 66 percent in North America on a yearly basis, while sales in its home market — Korea — increased by 57 percent on a QoQ (Quarter-on-Quarter) basis. This was largely due to the launch of its premium smartphone — the G Flex 2 — which features a curved P-OLED display and a Snapdragon 810 processor.

The company expects the launch of the G4 to further improve sales and profitability of its smartphone division in the second quarter of 2015.

It was only yesterday that LG unveiled the G4 with a 5.5-inch “IPS Quantum” display, a Snapdragon 808 processor, a 16MP rear camera with an F/1.8 aperture and more.

[Via LG]