Analysts project LG smartphone shipments to hit all-time high in Q2

LG Electronics, the second largest smartphone maker in Korea, appears to be on track to beating last year's record of shipping 12 million smartphones in the second quarter.

This time around, the company is expected to sell 15 million Android handsets in the same period, based on data released by Mirae Asset Securities.

According to a report by the Korea-based Yonhap News Agency, this will be the first time LG will sell 5 million smartphones in a month -- the company previously managed 4.4 million handsets a month in the Q4 2013.

Analysts also added that that LG is on track to turn a profit in it mobile division, which has been remained stagnant due to an increase in marketing costs (needed to compete with rivals such as Samsung). It posted a 43.4 billion won ($42 million) operating loss in Q4 2013.

LG's continued success is likely dependent on its lower-end models in its lineup, but the company will need its high-end devices such as the latest G Pro 2 as well as last year's G2 flagship to drive its brand presence globally. The upcoming G3 will likely also help boost the company's profile.

Via Yonhap (subscription required), Global Post (mirror)