clock menu more-arrow no yes mobile

Filed under:

LG Confirms G2 and Nexus 5 Sales Gave Its Mobile Business a Big Fourth-Quarter Boost

The Korean electronics giant said sales are up 54 percent from a year ago.

LG

As part of its fourth-quarter earnings report, Korea’s LG said that its quarterly smartphone sales reached 13.2 million units, up 54 percent from a year ago.

That number, ahead of some market estimates, was buoyed by sales of the G2 and Nexus 5 smartphones. Though still distant rivals to Apple and Samsung, both Sony and LG managed to post significant market share gains during the quarter.

Revenue for LG’s mobile unit for the full year was $11.85 billion, up 29 percent from a year ago.

However, higher marketing costs and price competition took a toll on profit margins, LG said, noting that it had a negative 1.2 percent operating margin in the mobile business.

This article originally appeared on Recode.net.

Sign up for the newsletter Sign up for Vox Recommends

Get curated picks of the best Vox journalism to read, watch, and listen to every week, from our editors.