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LG reports 12.1 million smartphone shipments in Q2, $2.78 billion in mobile revenue

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LG has just posted its earnings for Q2 2013. The company reported revenues of $2.78 billion for the quarter, which is a 34.5 percent increase year over year. LG says that it also sold a record 12.1 million smartphones during the quarter, which led to an operating profit of $54.37 million, which is slightly lower than last quarter. LG attributes the drop to weaker demand in the South Korean market.

LG expects the lower-end L-Series and F-Series devices to increase overall sales growth, while its flagship G2 device should “increase the company’s product competitiveness.”

The company is expected to announce its highly-anticipated G2 flagship on August 7th. 

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Avatar for Chance Miller Chance Miller

Email: Chance@9to5mac.com

Chance currently writes for both 9to5Google and 9to5Mac, in addition to 9to5Toys.