LG sells 59.1 million smartphones in 2014, net profit doubles

LG has plenty to be excited about, as the South Korean manufacturer’s financial results for 2014 indicate that it sold 59.1 million smartphones in 2014, an increase of 24 percent from the previous year. LG’s net profit of $474.81 million marked an increase of 125 percent from 2013, with revenue itself increasing by 1 percent from 2013 to $55.91 billion.