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LG enjoys strong Q3, as mobile division remains steady year-on-year

Paul Lipscombe
November 3, 2020

Mobile division sales grew 16.5 per cent from the second quarter

LG has announced its third quarter revenue hit a record high £10.94 billion (KRW 16.92 trillion).

Overall sales for the period grew 7.8 per cent, with operating income up 22.7pc from last year.

Strong growth in home appliances and home entertainment helped drive the solid quarter.

Its mobile division also showed signs of improvement with sales year-on-year unchanged, and up 16.5 per cent from Q2.

LG’s mobile division amassed sales of £988 million for the quarter, while third-quarter operating loss improved YoY, due to increased efficiency in production and cost savings.

There has also been stronger demand for mass-tier models, with the company planning to strengthen this line-up of handsets.

The Korean vendor recently launched its ambitious LG Wing smartphone. This features an innovative swivel form factor.

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