LG L Series III

LG ships 14.5 million smartphones in record-high performance

Sometimes, all it takes is just one brilliant product and several popular ones (and for your archrival to have a slump) to pull up your net profits. Korean OEM LG Electronics announced a 165% increase in net profit earnings, with their mobile electronics company contributing largely to the numbers. They have shipped a record number of 14.5 million smartphones for this second quarter, ending three straight quarters of losses for the mobile division.