Print 22 comment(s) - last by retrospooty.. on Jul 26 at 9:16 AM

LG records operating profit of $83.4 million for the quarter

LG is definitely feeling a bit ecstatic this morning, as it has reported financial results for Q2 2014. The company indeed has plenty to be proud of considering that it sold 14.5 million smartphones during the quarter — that represents a 20 percent increase compared to the same period last year and its highest total to date.
During the quarter, LG’s mobile division managed to rack up sales of $3.5 billion (compared to $2.78 billion for the same period in 2013) and operating profit of $83.4 million (compared to $54.37 billion). Although the profit number may look a bit small, it reverses three straights quarters of losses for the company so it should be seen as big a win.

LG notes that a strong launch for its new flagship G3 smartphone was a big reason for the improved sales and increased profitability for the company. The LG G3 has stolen some thunder from competitors such as the Samsung Galaxy S5 and HTC One (M8) due to its sharp looks, fast Snapdragon 801 processor, and QHD display.
LG hopes to follow-up on Q2’s G3 success with new releases during the second half of the year. The G3 Beat was announced last week and brings the G3’s style into a smaller, more affordable package. The company will also launch new L-Series models to fill out its budget smartphone lineup.

Source: LG

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By retrospooty on 7/24/2014 10:29:30 AM , Rating: 5
It's good to see someone else turning a decent profit other than Samsung and Apple. I just got my G3 last week. Really great phone, as was the G2 before it. They are doing something right at LG.

RE: Nice.
By Reclaimer77 on 7/24/2014 12:06:28 PM , Rating: 4
It's just ridiculous to me that for the same money people pay for an iPhone, you can get something like the G3. And idiots keep doing it!

Anyway back on track, LG deserves all the success. Bravo. They've come from relatively nowhere, in a market dominated by Samsung, to a strong challenger today. And the Android smartphone segment is all the better for it.

And beating Samsung to releasing a QHD halo phone in the US market was HUGE. Can't overstate how important that was.

Really excited for the future, I feel a tech arms race coming on between these two, with the consumers reaping all the benefits.

RE: Nice.
By retrospooty on 7/24/2014 12:21:52 PM , Rating: 2
Yup... It's gonna be good. The other good thing is the iPhone going big screen... Not that I would get one becasue ofthe OS, but it will force Android OEMS's to keep pushing. Moto and HTC aren't out of it either.

RE: Nice.
By Dr3amCast on 7/24/2014 1:56:05 PM , Rating: 2
Got my G3 the week it came out, bit the bullet and bought it off contract. Coming from someone whose phone history has been Galaxy S1 Captivate, Galaxy S3, Galaxy Note 2, this phone has been wonderful. It's simple, awesome camera, the battery lasts well through the day and night for me, and that screen. I just with there was more media that used it. There is a film called Timescapes that resembles the preloaded nature video on the phone.

RE: Nice.
By retrospooty on 7/24/2014 3:08:53 PM , Rating: 2
Sweet... That screen res must be a huge difference going from Note 2 to G3.

RE: Nice.
By Dr3amCast on 7/25/2014 1:17:35 PM , Rating: 2
I actually do notice it sometimes in terms of pixel density with how smooth and sharp text on webpages looks in comparison to the Note 2. But in terms of regular res navigating the UI it's actually not too much. Due to the icon size of apps it's largely the same feeling in the UI. I wish there was an option to make icons smaller than what you can now. I put SlimRom SlimKat on my Note 2 for awhile and it had smaller icons. I loved it, it really maximized screen real estate and increased what I could put on my screen. I was hoping for something similar due to a larger screen res on this phone, but definitely not a deal breaker.

RE: Nice.
By retrospooty on 7/25/2014 2:34:00 PM , Rating: 2
"I wish there was an option to make icons smaller than what you can now."

Just get Nova launcher (or another launcher) they can all adjust the size of icons. I have 7 rows of smaller icons on mine rather than 5 large default. The screen is too big for that, it looks iPadish.

RE: Nice.
By soccerballtux on 7/25/2014 1:56:07 PM , Rating: 2
The screen was an overkill choice marketing made to sell devices at expense of battery life.

most people according to polls would rather have the 15-20% more battery life and gaming performance

RE: Nice.
By retrospooty on 7/25/2014 2:36:39 PM , Rating: 2
Where do you see the res killing 15-30% battery life? Overall it's pretty close to the G2 in battery life (which was already great) and the screen is a good amount larger so it takes mroe power. The res bump is very minimal on battery life.

RE: Nice.
By Spuke on 7/25/2014 4:19:36 PM , Rating: 2
G3 batt life is the same or in some instances better than the G2 which has AWESOME battery life. First phone I can go two with usage on one charge. Obviously, soccerballsucks has never read a review the G2 or G3.

RE: Nice.
By Spuke on 7/25/2014 4:20:02 PM , Rating: 2
Go two days...

RE: Nice.
By retrospooty on 7/26/2014 9:16:25 AM , Rating: 2
Yup, its really close. I get a little less battery life overall if I am using it heavy
(as in screen on for many hours), so it went from spectacular to merely great. LOL.

But still that isnt all res. It's the same size battery and a bigger screen too, so that is part of it. I cant complain. The other (other [other]) good thing is the removable back cover allows for larger 3rd party batteries with their own back covers to accommodate the space for those that want/need it.

RE: Nice.
By Spuke on 7/24/2014 6:14:01 PM , Rating: 2
How much larger is the G3 over the G2 overall? Thanks much.

RE: Nice.
By retrospooty on 7/24/2014 8:49:44 PM , Rating: 2
It's just a tad larger... another .3 inches diagonally, same small bezels. Enough that you notice it though, in screen size and chassis size. It's a perfect size IMO. With a slim case on it, it still fits perfectly in your pocket totally un-noticed.

If I had to put it in terms of other well known units. The screen size is exactly the same as the Note2, but the total size of the phone is right in between the G2 and Note2.

RE: Nice.
By Spuke on 7/25/2014 11:19:15 AM , Rating: 2
Thanks man.

RE: Nice.
By retrospooty on 7/25/2014 11:44:30 AM , Rating: 2
n/p... The other thing I forgot to mention, is that LG has proven with the G3, that is is possible to build a solid unit with good build quality and a removable back cover for battery access.

RE: Nice.
By Spuke on 7/25/2014 4:23:04 PM , Rating: 2
Nice to have a removable battery again. I still have until next year before I'm due for a another phone, the G4 will probably be out by then. LOL!

RE: Nice.
By retrospooty on 7/25/2014 4:29:21 PM , Rating: 2
Its good to have SD back again too... Everything about this phone is nice. I love that it's small for its size. I have a slimfit case on it and it still smaller than the Note 2 even with the protective case. That and "Knock On" doesn't get enough credit. Even if the buttons were on the top or side, all phones should have this. Its really useful.

Love my G3
By Chaser on 7/24/2014 10:12:12 PM , Rating: 2
Today's top choices are the iPhone, HTC One, S5 and G3. With Samsung as the top Android phone I believe the Galaxy line has grown a bit long on the tooth. Its overall appearance hasn't changed in years and many people value the style and appearance of their phones. I believe the HTC One is an eye but LG seems to be the new cool now.

I "jumped" from the G2 to the G3. So far a superb phone. Lots of cool stuff to appreciate.

RE: Love my G3
By Chaser on 7/24/2014 10:14:25 PM , Rating: 2
I believe the HTC One is an eye pleaser but LG seems to be the new cool now.

OMG!! Mistake
By dorai on 7/25/2014 4:58:39 AM , Rating: 2
operating profit of $83.4 million (compared to $54.37 billion)!!

Who proofreads these articles??

By Grimer21 on 7/25/2014 10:36:18 AM , Rating: 2
I'm really glad to see the G3 doing well. I really love my G2 but since the G3 came out so soon after the G2, I'll be snatching up the G4 almost guaranteed if it follows roughly the same release schedule as G2 -> G3.

"Folks that want porn can buy an Android phone." -- Steve Jobs

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