Its mobile sector, in particular, reported a 22 billion won ($20 million) operating profit, a sharp contrast from last quarter, when it reported a loss of $57 billion won ($49 million) because of marketing costs and competition at the low end of the market. It's also a dramatic improvement from last year, when it reported a 262 billion ($237 million) won loss.
In the third quarter, LG shipped a total of 14 million phones, a 9 percent increase over last year. As Reuters notes, more profitable smartphones made up half that number, coming in at a record 7 million. LG says it saw growth both in 3G smartphones like the L series and in 4G LTE phones like the Optimus LTE 2 or Optimus Tag.
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