LG is reporting a turnaround in profits following solid sales within its mobile division.
The company has shown that the reported smartphone slump isn’t necessarily affecting all manufacturers, despite Samsung recently being hit by a slow quarter.
Instead, LG shipped a record 14.5 million smartphones – up 20% year-on-year and 17% from the previous quarter.
Sales hit 3.62 trillion Korean Won ($3.51 billion), LG’s highest amount since the first quarter of 2010.
The Korean manufacturer also needed three straight quarters of losses by finally turning a profit of $83.4 million.
In regards to its mobile success, the company attributed its fortunes to its recently launched flagship; the LG G3 (which performed well in its native Korean market) and its mid-range L Series III handsets (which sold well globally).
Additionally, it claimed that phones with LTE capabilities have accounted for a third of shipments.
Outside of smartphones, the company’s home entertainment division also performed well – climbing 3% on the strength of its higher-priced Ultra HD 4K TV sets.