LG profit surges thanks to booming mobile phone sales

LG profit surges thanks to booming mobile phone sales

LG’s net profit has risen 84% after the company sold more than seven million touchscreen mobile phones.

LG Electronics earned £347.8m in the three months ended June 30, up from £188.5m for the same period a year earlier.

Sales during the quarter rose 22.5% to £3.5bn from £2.8bn a year earlier.

LG said in a press release that it sold a record 27.7 million mobile phone handsets during the second quarter, led by its high-end Secret and Viewty models.

The company said it had sold seven million touchscreen mobile phones by the end of the second quarter, just five quarters after LG launched its first full touchscreen handset, the Prada Phone.

The Viewty is the company’s top seller, surpassing two million units.

Dr Skott Ahn, president of LG Electronics Mobile Communications Company said: ‘We were a true pioneer in touchscreen phones, applying for a total of 49 patents while developing the Prada Phone by LG.

‘From the beginning we have worked to create phones that are extremely easy to use despite their myriad features.

‘This is why our touchscreen phones have been so well received around the world. As the market for touchscreen phones continues to grow we will also continue our research in this area to create even more innovative products.’

Written by Mobile Today
Mobile Today


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