LG Electronics has announced their earnings for Q2 2013. They have reported net profit of 156 billion Won (US$ 139.4 million) with operating profits of 479 billion Won (US$ 426.92 million). In the mobile communications sector it reported operating profit of 61 billion Korean Won (US$ 54.37 million), which is 35% more compared to Q2 2012, but it is 3% less QoQ. LG shipped 12.1 million units of mobile phones in Q2 2013, a 17 percent increase compared to previous quarter and a 112% Increase YoY. This is a new quarterly unit sales record for LG. Continue reading “LG reports net profit of $139 million in Q2 2013, record 12.1 million smartphones shipped”