A new report from insider sources suggests LG is disappointed with the sales of their G2 line. They were hoping to sell 10 Million units of the flagship device by the end of the year, but supply chain estimates suggest they only sold around 2 Million units. Ironically, it was LG themselves that hurt some of their own chances to truly push the G2 to the forefront. These same sources indicated the LG-made Google Nexus 5 affected sales of the G2.
It's not surprising when you consider all of the facts. The Nexus 5 launched shortly after the G2. Furthermore, it launched for significantly less money than the G2, with almost the same specs and Android 4.4 KitKat installed out of the box. Despite this disappointment, LG is unlikely to be broken up about it considering they still made money off of the Nexus 5 sales which cannibalized the G2. Overall though the reduced brand recognition and poor marketing image of failing to hit large numbers is more detrimental than the lost sales revenue.
For LG fans, let's cross our fingers that the G3 can really capture the lightning in 2014.
Source: DigiTimes