LG News Part 1: LG Sold 59 Million Smartphones in 2014 - Doubles Net Profit

Discussion in 'Android News' started by dgstorm, Jan 29, 2015.

  1. dgstorm

    dgstorm Editor in Chief
    Staff Member Premium Member

    Joined:
    Dec 30, 2010
    Messages:
    11,016
    Likes Received:
    3,979
    Trophy Points:
    823
    Location:
    Austin, TX
    Ratings:
    +4,254
    [​IMG]

    We have a slew of LG stories to crank out for you guys this morning. The first of which is regarding their recent financial earnings call. Apparently, 2014 was a very good year for LG. They sold a whopping 59.1 Million smartphones last year, which was a 24% increase from the previous year. This increased sales allowed the South Korean company to post double the net profit from 2013.

    In fact, the third quarter for LG was their best in five years with 16.8 million smartphones sold. Despite the rosy outlook for last year, LG is playing it safe with a conservative outlook for this year, stating that 2015 should be a, "challenging year ahead with greater competition globally from various manufacturers." LG plans to work on "improving its brand power, operating more efficiently, and focusing on selective key markets."

    Interesting... it seems that it wasn't just Apple chipping away at Samsung's big lead in the smartphone world. We had several Chinese manufacturers like Lenovo, Huawei and others, but Samsung was also beset by LG at every turn. It's tough to be the king of the hill.

    Source: LG
     
    • Like Like x 1
  2. Jonny Kansas

    Jonny Kansas Administrator
    Staff Member Rescue Squad

    Joined:
    Jan 21, 2010
    Messages:
    16,526
    Likes Received:
    7,088
    Trophy Points:
    1,278
    Location:
    Michigan's Upper Peninsula
    Ratings:
    +8,435
    Current Phone Model:
    Pixel XL
    Twitter:
    jonny_ks
    Funny that LG announces growth, but still a plan to focus selectively while Samsung announces more loss and has said they're going to focus selectively, and then releases phones that don't quite fit that model.

    Good job LG!

    I may be seriously considering an LG device when it's time to upgrade from the Note 4.
     
    • Like Like x 1
  3. Ollie

    Ollie Droid Does

    Joined:
    Apr 13, 2012
    Messages:
    3,442
    Likes Received:
    2,103
    Trophy Points:
    1,468
    Location:
    South Coast
    Ratings:
    +2,483
    Current Phone Model:
    Note Edge - iPhone 6 Plus
    I'm riding out this year with the Note Edge. Next spring I may consider scaling down to a 5.5" or smaller screen. I'm hoping at that time there will be some great contenders in the phone arena that can pull me away from Samsung. I doubt it, but it would be great for the entire industry.
     
    • Like Like x 1
  4. Jonny Kansas

    Jonny Kansas Administrator
    Staff Member Rescue Squad

    Joined:
    Jan 21, 2010
    Messages:
    16,526
    Likes Received:
    7,088
    Trophy Points:
    1,278
    Location:
    Michigan's Upper Peninsula
    Ratings:
    +8,435
    Current Phone Model:
    Pixel XL
    Twitter:
    jonny_ks
    I'll keep the 4 until I've at least paid enough to edge up, but now that I dropped unlimited data, I may wait even longer & take the subsidy.

    Sent from my Note 4 via Tapatalk
     
  5. Jonny Kansas

    Jonny Kansas Administrator
    Staff Member Rescue Squad

    Joined:
    Jan 21, 2010
    Messages:
    16,526
    Likes Received:
    7,088
    Trophy Points:
    1,278
    Location:
    Michigan's Upper Peninsula
    Ratings:
    +8,435
    Current Phone Model:
    Pixel XL
    Twitter:
    jonny_ks
    If I do downgrade size, I 5.5 is a good place to start to ease down.

    Sent from my Note 4 via Tapatalk
     
  6. boidsonly

    boidsonly Active Member

    Joined:
    May 26, 2011
    Messages:
    236
    Likes Received:
    80
    Trophy Points:
    28
    Ratings:
    +105
    It is good to see them improving the bottom line-it gives them motivation to make more top end phones. But the Chinese, in the end, with all the tech our Corp's have given them will destroy the Western Economy. If they can't, they will buy it outright.
    Motorola, IBM, Smithfield Hams, etc. anyone?.....Don't believe me? Here are all the Free Trade Zones that your local/state/federal gov't has sold to foreign interests-mostly the Red Chinese:
    List of Foreign-Trade Zones by State
     
  7. Ollie

    Ollie Droid Does

    Joined:
    Apr 13, 2012
    Messages:
    3,442
    Likes Received:
    2,103
    Trophy Points:
    1,468
    Location:
    South Coast
    Ratings:
    +2,483
    Current Phone Model:
    Note Edge - iPhone 6 Plus
    I just read an interesting article about Xiaomi firing up their legal team to tackle their expansion nightmare concerning patents.

    Xiaomi is about to hand it to Korea and the U.S. as soon as they can produce enough phones to sell around the world.