LG sells 1.6 million G5 flagships in a month
Although some consumers consider the LG G5 flagship to be ugly, nobody can deny its unique flexibility that is provided by the semi-modular design that nobody used in a top-of-the-line smartphone so far. Although it still has to beat the popular LG G3, the latest Android flagship by LG managed to close its first month on the market with excellent results.
According to LG, they shipped more than 1.6 million G5 smartphones in the first month since its launch. In addition to that, the South Korean company also expects to ship over 3 million LG G5 units in the second quarter. While the LG conglomerate closed the first quarter with a small profit, the mobile division reported an operating loss of almost $170 million, but this was "primarily due to increased marketing expenditures for the new LG G5 flagship smartphone."
LG expects to see a turnaround by the end of next quarter, as G5 shipments and those of the new K series begin to be reflected in sales figures. Now that HTC 10 is also out and many see it as a strong comeback of its maker and a powerful competitor for the LG G5 remains to see how things will evolve in the months to come.