LG has announced its financial results for the fourth quarter of 2013, the company also announced its financial results for the whole of 2013.
LG announced revenue of KRW 58.14 trillion (USD 53.10 billion) and net profit of KRW 222.70 billion (USD 203.65 million) for the whole of 2013.
LG saw an 18 percent increase in annual revenue in their home entertainment business, their mobile business was up 29 percent in gross revenue over 2012.
LG revealed that they shipped a total of 13.2 million smartphones in 2013, this is an increase of some 54 percent from 2012, and included sales of the Nexus 5 and the LG G2.
The company will announce a new smartphone at next month mobile world congress, the new LG G Pro 2, which is rumored to come with some impressive specifications.
If the new LG G pro 2 end up being popular, LG’s mobile phone business could also see another significant increase in their handset sales in 2014.
The company is also launching the LG G Flex, which is a flexible smartphone in the US and Europe, this device could also be another popular handset for LG.