LG selling 8,000 G5 flagships a day in Korea
Although last year's LG G4 had quite low sales even in its home market, its successor is doing great so far. Thanks to the semi-modular design and the flexibility offered by the various "friends" add-ons available, LG G5 had an excellent debut and LG Electronics is currently selling no less than 8,000 units daily in South Korea.
Figures revealed by a major telecom distributor in South Korea show that LG has sold over 160,000 G5 flagships in the country since the March 31 launch. Back in the summer of 2014, the company sold roughly 80,000 LG G4 handsets in South Korea during the flagship's first month on the market. It looks like the excellent sales of the LG G5 took LG by surprise, as the same source reveals that the company's manufacturing facility near Seoul "went into a 24-hour production cycle to stave off possible supply chain hiccups and meet the heightened demand."
The estimations are quite ambitious - NH Investment & Securities expects LG to ship a total of 62 million smartphones this year, a small increase over the 59.7 million units shipped in 2015. On the other hand, the company sold 5.41 million LG G4 units back in 2015, 66 percent less than the estimation of 9 million LG G5 units to be sold this year. However, remains to see if the LG G5 succeeds in beating the LG G3, the flagship that managed to reach 13.5 million customers in the 12-month period from its release.