LG sells 13.2 million phones in Q4 2013, up 54% from 2012By Tim Schiesser 7 comments
Financial results for Q4 2013 have been flowing in from a range of companies in the past week, with LG today jumping on board to deliver their numbers. On $14.03 billion in revenue for Q4, LG achieved a $223.9 million operating profit and an overall net loss of $59 million. For 2013 as a whole, LG's revenues rose slightly to $53.1 billion, leading to $1.17 billion in operating profit and a net profit of $203 million.
LG's smartphone division was particularly successful in Q4, thanks to strong sales of the Nexus 5 and LG G2. The company sold 13.2 million phones in the period, which is up 54% on the same period last year, creating $3.38 billion in revenue. For the entire year, LG's phone division posted $11.85 billion in revenue, which is up 29% on the previous year.
The Korean company also posted strong results from its television division, managing to double the operating profit created from TVs in Q4. In the coming quarters LG could see even better sales of their TVs, as they begin to launch sets powered by webOS, which was generally well received by those that previewed the revitalized TV operating system at CES 2014.
Alongside the release of Q4 and yearly financial results, LG also revealed that a new flagship smartphone will be launched next month: the LG G Pro 2. As a successor to last year's LG Optimus G Pro (later renamed the LG G Pro), which packed a large 5.5-inch IPS LCD display, the G Pro 2 will be launched at Mobile World Conference in Barcelona towards the end of the month. Despite the announcement today, LG hasn't given any detailed information about the handset.