LG Surpasses 10M mark in LTE phone sales

LG Surpasses 10M mark in LTE phone sales

LG Electronics (“LG”) has reported that it has sold more than 10 million LTE smartphones across the globe, attributed to its aggressive push of the best hardware and 4G LTE technologies into 4G markets. LG’s success is a result of its early entry into the LTE market, and its leadership in LTE research and development.

“Aggressive pushing forward with 4G LTE technology allows LG satisfy the needs of consumers and is a huge factor in our growing success in global LTE smartphone sales,” said Dr. Jong-seok Park, President and CEO of the LG Mobile Communications Company. “Having established ourselves as a major industry player, we will continue to expand our footprint in the global LTE market with a wider range of differentiated, high quality LTE smartphones.”

Last year, LG began a blitz of popular LTE smartphones in key markets such as United States, Japan, Germany and South Korea.

In recent weeks, the Korean electronics giant began a rollout of its flagship LG Optimus G smartphone in an additional 50 countries.

Global shipments of LTE smartphones are expected to increase to 275 million units this year, according to Strategic Analytics.

LG aims to double its LTE smartphone penetration this year with a variety of devices in established and emerging markets. One of the new products to be introduced in 2013 is the Optimus F series, that will deliver high-speed experience to users transitioning from 3G to 4G LTE networks in countries around the world.

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Closer to home, in Malaysia, consumers will see an aggressive rollout of LTE services and LTE devices this year, with the major telcos seeking to gain an early lead in the emerging new technology.

Source: LG Electronics

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