News by Andrew Kameka on Wednesday April 24, 2013.
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Though Samsung's Galaxy line grabs all the headlines and seemingly hordes the profits as well, LG today reports that its smartphone efforts have improved and reached its highest level "since it entered the smartphone race." LG reports that it sold 10.3 million smartphones in the first quarter of 2013. The strong sales of its mobile division helped the massive company have a profit of KRW 350 billion (US $322.88 million).
LG's mobile division increased smartphone shipments by nearly a third last quarter. The company managed to increase its presence thanks to strong sales of the Optimus G, Optimus G Pro, Optimus L, and Nexus 4, which was developed in partnership with Google. LG expects next quarter to be equally fruitful once it expands availability of the Optimus G Pro and Optimus F phones in more markets.
LG remains in the shadow of its larger Korean rival, but the company has made big strides in recent months. Statistics released earlier this month showed that LG's sales are increasing in the UK, and the company's own reports show the trend is taking hold globally as well. LG will have another chance to sustain that momentum when it announces U.S. availability of the Optimus G Pro on May 1.source: LG
Andrew is based in Miami, Florida.