LG Sells 14.5 Million Smartphones, Triples Profit

LG sold a record 14.5 million Smartphones last quarter, stealing away sales from arch rival Samsung. This record number is their highest ever, a 20% increase over last year's results. LG's Mobile division nabbed $3.5 billion in revenue, ending their hat trick of losses over the last three quarters.

Lg's profits have tripled to $599 million.