LG Electronics has announced their earnings for Q3 2012. They have reported net profit of 157 billion Won (US$ 138.57 million) with operating profits of 221 billion Won (US$ 195.06 million). The Mobile phone sales were 5.4 percent more compared to last quarter with operating profit of 22 billion Korean Won (US$ 19.42 million), but it is 11.4% less compared to Q3 2011. LG shipped 14 million units of mobile phones in Q3 2012, 9 percent increase compared to previous quarter.
The LTE smartphone sales improved in Q3 2012 due to stronger sales of Optimus LTE2 in Korea, Optimus It in Japan, and Optimus Tag in the US. The Global 3G smartphone sales increased due to the L series smartphones. LG is expecting increase in sales of LTE smartphones in Korea in this quarter with the Optimus G and Optimus Vu 2 that were launched late September.
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