LG Electronics Q3 operating profit more than doubleStaff writer ▼ |
Smartphones are doing just fine Operating profit was $440 million
South Korean tech giant LG Electronics said its third-quarter operating profit more than doubled from a year earlier due to record smartphone sales.
Revenue increased 7.4 percent from a year earlier to 14.92 trillion won in the quarter, and net income surged 86.7 percent to 202.6 billion won.
The solid earnings stemmed from strong performance in its mobile business which saw record smartphone sales of 16.8 million units during the quarter, the company said. ■
What to read next