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LG’s 2013 financial results show tremendous growth of its mobile business

LG 2013 Earnings - Smartphones

LG has just published the financial results for Q4 2013 as well as the entire year, revealing tremendous growth in its mobile business. Thanks largely to the launch of the G2 and the Nexus 5, LG’s mobile sales has gone up by 29% in comparison to 2012, bringing revenue of $11.85 billion. In the last quarter of the year, LG sold over 13.2 million handsets, which is an increase of 54% compared to Q4 2012. It’s been a good year for LG’s mobile unit and the Korean manufacturer will look to better those figures significantly in the current year. With smartphones like the LG G3 and the G Pro 2 in the pipeline, LG surely has the potential to improve sales in 2014.

LG made over $53.1 billion in revenue in 2013 with operating profits of $1.17 billion ($203.67 million net profit). So it’s not all good news for the Korean manufacturer. However, the revival of its mobile business is certainly a great inspiration for LG and we expect the company to keep the momentum going.

Source: LG

Via: Android Central

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