South Korea's two major mobile phone manufacturers Samsung and LG have released the third quarter financial report in the two days. Different from Samsung, the LG have got 87 percent growth, increase to Won 203 billion ($ 194 million) compared with the same period last year. The operating profit is Won 461 billion that beyond what is expected by market analysts.
Operating profit also jumped 112 percent to reach 461.3 billion, while sales rose seven percent to 14.9 trillion won.
The firm's handset unit led the growth with a 39-percent rise in sales and an operating profit of 167.4 billion won — the highest for five years and a turnaround from a 79.7 billion won loss a year ago.
The handset unit sold 16.8 million smartphones in the third quarter, breaking the quarterly sales record set in the second quarter.
In addition to the mobile department, the TV department’s operating profit is higher than last year, for Won 131 billion. LG will focus on the 4K TV production and plans to begin the production of quantum dots TV in the future.
Operating profit also jumped 112 percent to reach 461.3 billion, while sales rose seven percent to 14.9 trillion won.
The firm's handset unit led the growth with a 39-percent rise in sales and an operating profit of 167.4 billion won — the highest for five years and a turnaround from a 79.7 billion won loss a year ago.
The handset unit sold 16.8 million smartphones in the third quarter, breaking the quarterly sales record set in the second quarter.
In addition to the mobile department, the TV department’s operating profit is higher than last year, for Won 131 billion. LG will focus on the 4K TV production and plans to begin the production of quantum dots TV in the future.