LG-G2-black-1

LG’s quarterly earnings report reveals that the company saw 54 percent year-on-year growth in smartphone and tablet sales, thanks largely to the Google-branded Nexus 5 and the company’s own G2 handsets. However, while its mobile division revenue for the full year was up 29 percent to $11.85 billion, it still made a small loss.

LG blames its $40M Q4 loss on a high marketing spend on the G2 and G Flex. It says that it will be launching a new high-end model, the G Pro, at Mobile World Congress in February.

The company as a whole made a profit of $220M thanks to strong HDTV sales, the TV division more than doubling its operating profit across the year.

FTC: We use income earning auto affiliate links. More.


Check out 9to5Google on YouTube for more news:

You’re reading 9to5Google — experts who break news about Google and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Google on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

About the Author

Ben Lovejoy's favorite gear