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]