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LG sells record number of smartphones by Nexus 5 and G2
LG has 13.2 million smartphones sold in the past three months, a record for the South Korean company. The increase is mainly due to the sales of the G2 and the Nexus made with Google 5, says LG.
Nexus 5 In the same period last year sold LG still around 8.5 million smartphones and compared to the summer, the number of smartphones sold increased by about one million. Despite record sales earned LG no longer selling smartphones than a year earlier, as it spent more on marketing and because it has lowered the prices over the same period last year.
LG released the G2 in September, while the Nexus 5 hit the market in early November. The observation of reduced prices presumably refers to the Nexus 5, which in many more countries came on the market than the Nexus 4 last year. The device combines hardware that is expensive to buy or make a relatively low price.
With the number of 13.2 million smartphones sold LG comes from a market share of about 5 per cent, higher than before. This LG is in any case close to the third position in the global market, behind Apple and Samsung, although some manufacturers have to make their numbers known or did not do. Also, manufacturers such as Huawei, ZTE and Lenovo sell each around ten million smart phones or more per quarter.
LG made in the last quarter, a loss of the equivalent of 43 million. Throughout 2013, the result is still positive, with a net profit of 150 million euros converted.Viewing:-83
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