LG is having a bang up year so far in 2014. The company reported massive increases in profits in Q2 of the year thanks to 14.5 million smartphones shipped pushing net profits up 165%. LG has now reported its Q3 earnings and it has had another bang up quarter with record smartphone shipments. LG says that operating profit doubled on mobile business revenues that were up 39%. The company sold almost 17 million smartphones during the quarter.