July 28, 2014

LG confirms the LG G3 in their Q1 2014 earnings report

LG-G3-Specs-Availilty-and-Price-Unveiled

Clever marketing or a typo? It seems like LG just confirmed that the LG G3 is on its way to market during their Q1 2014 earnings report published today, after seeing a leak of what was suspected to be the actual device.

Whilst reporting their increased 6 percent profit and attributing their success to the LG G2, LG then continue to state that even higher revenues are expected in the second quarter of 2014 with the launch of the LG G3.

Revenues of KRW 3.41 trillion (USD 3.19 billion) increased 6 percent year-on-year and operating profit margins rose quarter-on-quarter due to the launch of G Pro 2 in the domestic market and more efficient marketing spending. Higher revenues are expected in the second quarter with the release of the flagship LG G3 smartphone and wider roll-out of the mass-tier L Series III.

Not only have LG confirmed the existance of the G3 device, but also gave a window to expect it. With the company expecting to see increased revenue from the LG G3 release as soon as Q2 of 2014, we can expect to see the new flagship handset launching very soon.

SOURCE: LG