In the second quarter of 2009, LG Electronics expects its handset shipments to increase by at least 10% from the first quarter despite an anticipated 10% decline year-on-year in the global market to 260 million units.
In the first quarter of 2009, LG's handset shipments were 22.6 million units (down 7% year-on-year). But handset revenues in the first quarter were boosted by growth in sales of mid-tier phones to 3.92 trillion Korean won (2.9 billion US dollars) - a 23% increase on the same period in 2008. Even so, operating profits fell from 445 billion won to 362 billion won. source: LG Electronics presentation