Korean manufacturer LG Electronics (066570:KS) announced today that it has surpassed the milestone of 5 million LTE smartphones sold last month, with more than 1 million smartphones sold in July alone. LG Mobile’s CEO Dr. Jong-seok Park noted that this pace is going to sharply increase in the near future:
Sales of global LTE smartphones are expected to increase ten-fold this year from last year […] With that in mind, we are planning to introduce an even more impressive LTE line-up in the next several months second to none.
The company currently offers ten LTE smartphones across regions where LTE is available, including South Korea and Japan where LTE adoption is progressing quickly. As for LTE adoption in the rest of the world, you can see a map of countries where LTE is commercially available below [1]. It will be interesting to see the mobile innovations that come out of markets which have a head start on LTE adoption.
According to figures just released by Gartner, LG’s current share of the worldwide mobile market is 3.4 percent, which is down from 5.7 percent on the previous year [2].
Source: Wikipedia
-
Not to be confused with the smartphone market. LG is not in the top five vendors for smartphones according to recent Q2 figures from IDC. ↩
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
