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High Q3 records for Apple and LG: Some phenomena defy all logic and reason

Sunday, October 25, 2009
  The financial report for Apple’s Q3 of the year revealed that the company has had amazing success as of lately. The company recorded their best non-holiday quarter revenue and profit in their history.

The Cupertino-based company revenue totaled 9.87 billion US dollars this quarter and they recorded net quarterly profit of 1.67 billion US dollars, which is an improvement of 24.9% and 46.5% over the respective numbers in Q3 last year.

The number of iPhones sold in the quarter rose 7% compared to last year to reach a total of 7.4 million units. That gives the company a market share of more than 2.1% and considering that it’s only high-end handsets we are talking here, that’s surely quite a lot.

So to sum it all up, even before the start of the holiday season, Apple has pushed their profit per unit (or operating margin) much higher than the one of any other cell phone manufacturer out there.

Another particularly successful company in the third quarter 2009 has announced its financial results today. LG have recorded their highest-ever revenue and profit for this period of the year.

Their consolidated revenue rose by 15.7% compared to last year, reaching 11.2 billion US dollars. Operating profit reached 685 million US dollars, which is 1.3% higher than the third quarter last year.

As usual recently, the mobile division is one of the best performing in the conglomerate, recording 3.75 billion US dollars in sales - an increase of 21.9% YoY. The operating profit is up 8.4% to 314 million US dollars.

LG mobiles phones shipments saw an increase of 37% year-over-year and 6% quarter-over-quarter to 31.6 million units. Those numbers secure the company the 3rd largest mobile phone manufacturer spot with a market share of about 11.2%.

The company attributed the record growth to stronger sales across Europe and on the developing markets that managed to offset the decreasing volumes in the US and Korea. However price erosion, along with increased sales of low-end handsets caused the comparatively lower profit figures.


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