LG reports record-breaking smartphone sales

LG had a record-breaking quarter, mostly on the back of its smartphone division. It sold 16.8 million smartphones, a record for the company, and the phone division saw the best revenue and operating income since the third quarter of 2009. In the third quarter of this year, the LG Mobile Communications Company recorded revenue of $4.14 billion and made an operating income of $163 million on that. LG credits the success of its G Series and L III Series for this third consecutive quarter of growth.