LG has just posted revenues from Q3 and it seems like the company has seen a good quarter. Combining all four divisions of the company brought in a revenue of $12.51 billion with the mobile division accounting for $2.75 billion. The sales of its mobile devices almost surpassed the record from Q2 earlier this year as it shipped 12 million handsets this quarter (Q2 saw 12.1 million in sales).
However, it seems like the revenues could have been a little higher as LG seems to have cut down the selling price to maintain competition in the industry. But overall, the company has nothing to complain about as far as sales are concerned. But it would want to grow on this in the current quarter and would certainly look to sell more devices with the holiday season approaching. With smartphones like the LG G2 and the yet to be launched Nexus 5, LG will certainly go into the holiday season with an advantage. However, the presence of the Samsung Galaxy Note 3 and other competitive offerings won’t make things easier for the Korean manufacturer.
Via: Android Central