LG Q3 Results

LG continues steadily walking on its way to recovery in the third quarter of 2012, and hsa now reported a solid $138.6 million in net profit.

Overall revenues however dropped 4% on the year to some $10.1 billion because of a persisting decline of feature phone sales.

LG is doing better than expected in mobile, and has gone back to profit from being a loss-making company in the third quarter of last year. LG’s Mobile Communications Company division benefitted from good sales of LTE smartphones in Korea, Japan and the United States. The Optimus L series conquered new markets, also adding to the sales boost.

And best of all, LG has a positive outlook for the next quarter as well. That would be the Holiday quarter and LG has got one of the hottest devices out there, the quad-core LG Optimus G, bringing unmatched hardware muscle and being one of the most competitive offerings now.