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Nokia and Sony Ericsson might be having trouble dealing with the recession, but LG sure isn’t. Their net profit rose 62% (US$888 billion) with a 13.5% margin, although you have to keep in mind that this includes their respectable TV and appliance businesses as well. Handsets alone saw a record 29.82 million units sold (US$422 million in profits), a rise of 7.8% helped in no small part by the Cookie’s success. Looking to future quarters, LG has their watch phone almost ready to roll, an Android handset in the wings, and two new flavours of Chocolate are all quite promising, although we’re dubious about LG’s plans for an application store. For Q3, LG is predicting a 10% increase in year-over-year numbers.
[via LG]
About The Author
Simon Sage
Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.
