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"LG has announced that it shipped a record 12.1 million smartphones during its second fiscal quarter. The figure helped the South Korean company generate KRW15.23 trillion (\u00A38.8bn) in revenue during the three month period ending June 30, a year-on-year increase of 10.1%.  LG also reported operating profit of $426.9 million (\u00A3227m), marking a 40% year-on-year upturn, and $139 million (\u00A390m) net profit, a slight gain on this time last year. The company&amp;#039;s mobile arm saw revenues rise by 34.5% to $2.78 billion (\u00A31.8bn), but its operating profit of $54.3 million (\u00A335m) marked a decline from the previous quarter - attributed to decreased demand in its products in South Korea. LG is forecasting further growth during the next quarter, driven by sales of its L-Series II and F-Series smartphones, as well as the upcoming LG G2 flagship. LG is expected to formally unveil the LG G2 at a press conference on August 7. Watch a teaser video for LG&amp;#039;s next smartphone below:      "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/tech/news/a500830/lg-announces-record-smartphone-shipments-in-second-quarter-of-2013/>