LG expected to sell record 60 million smartphones this year

August 5, 2014

LG Logo

While Samsung’s latest financial results gave investors no reasons to celebrate, the crosstown rivals at LG are looking forward to a much better year.

Analysts from several Korean investment firms estimate that LG could sell more than 60 million smartphones in 2014, thanks to the great performance of the G3 flagship. For comparison, LG managed to move 47.5 million smartphone units in 2013, and 26 million in the year before.

Daewoo Securities’ analysts bet on 62 million units for the full year, while the two top brokerage houses in South Korea, Kiwoom Securities and Korea Investment, are slightly more conservative, with estimates of 60 million.

LG G3 How To Take a Screenshot-1

One of the pillars of LG’s growth this year will be a big push in China, a fiercely competitive market where Xiaomi just toppled Samsung as the top smartphone seller. Here LG is reportedly coaxing the top carriers to place guaranteed orders in exchange of marketing support.

LG also has high hopes for the G3 in the United States, where it will launch promotional campaigns later this year. “Following positive reviews of the G3 from consumers in the overseas market, we expect the handset will continue to gain ground,” a company spokesperson told the Korea Times.

The “positive reviews” that LG boasts include our own look at the G3, which was the first phone to receive Android Authority’s Editors’ Choice badge. Our Josh Vergara loved the G3’s sleek design, revamped software, and fast camera, and countless other reviewers shared the same opinion.

In its latest quarterly results, LG announced record sales of 14.5 million smartphones and a 165 percent increase in net profit compared to the same period last year.

Comments

  • Luka Mlinar

    That G3 is crazy good. I wish it was 5.2 inches but heh, you can’t get everything.

    • https://www.heartbleedbug.com/ Intellectua1

      Get the Vista thats coming to Verizon

      • Luka Mlinar

        That phone has a Note size screen. I rather it had a smaller one.

  • Lilith_Black

    Planning to see and compare it with Note 4 and iPhone 6 (While I like customisability of Android and its version of Dolphin browser, stock Apple is generally well designed, eliminating the dire need of masking all icons with a icon pack and needing Nova launcher, it is also supporting Swiftkey soon, and only Apple offers prepaid cards at where I am which makes them both quite equally attractive to me)

    • MasterMuffin

      Safari isn’t good though, and all browsers on iOS use the same web engine

  • Sal

    I’m so glad for LG. They worked their butt off on creating the G3 that it is causing Samsung a run for their money. I’m already looking forward to the G4 lol.