Manufacturer sold 78.2 million handsets overall as group net profit almost doubled to £313 million for year
LG sold 59.1 million smartphones in 2014 an increase of 24 per cent, as shipments were boosted by the popularity of the LG G3, the manufacturer has revealed.
The Korean manufacturer said that a 16 per cent increase in mobile revenue from to £9.43 billion had been lifted by a 78 per cent increase of shipments in North America during the three months leading up to the end of December.
Overall, fourth quarter revenue for LG Mobile Communications was up five per cent from £2.19 billion in Q4 2013 to £2.3 billion for the period running from the end of September to the end of December.
It also sold 19.1 million feature phones during 2014, although smartphones made up for the majority of its 78.2 million handsets shipped.
The LG group announced overall net profit of £313 million, and increase of 125 per cent of the full year results from 2013.
A statement from LG said: “A total of 59.1 million smartphones were shipped in 2014, an increase of 24 percent from the previous year, among 78.2 million mobile handsets sold last year.
“Expecting a challenging year ahead with greater competition globally from various manufacturers, LG will concentrate on improving its brand power, operating more efficiently, and focusing on selective key markets.”