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Q2 13 LG Recovery Underway But LTE ASP and Profit Growth Stall



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Report Summary:

LG continued on the comeback trail in Q2 2013 in terms of global handset shipments, including record high smartphone shipments during the quarter. However, LG’s profitability was reduced by half sequentially due to ASP decline and surging marketing costs. Facing a combination of post-paid market saturation as well as more intense competition in emerging markets, the upcoming G2 flagship handset holds the key for LG’s continued growth in the coming quarters.

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