LG shipped 12.3 million smartphones in Q1, says Q2 will be profitable with the flagship LG G3 release

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.”

Source: LG Newsroom
Via: Re/code