LG finally turning a profit in Q2, sells 14.5 million smartphones

The past quarter was especially good for LG, as it followed HTC's trend by finally turning a profit, with 14.5 million units sold in Q2 2014. That's an increase of 20% from Q2 2013, and a 17% increase from Q1.

In total, the South Korean OEM made a total $3.5 billion from the mobile division, which is the highest it has earned since 2010. It has turned an operating profit of $83.4 million. The sales are mostly thanks to the success of the LG G3, and the very successful mid-range L series, which saw success in emerging markets.

Something to note is that handsets with LTE accounted for one third of total sales, which shows how this kind of connectivity gained popularity. The success is expected to continue, with the release of the LG G3 Beat and the continuing international roll-out of the G3. Anyways, its good to see companies turning a profit, with now Samsung, HTC and Samsung being in the club.