LG Electronics' mobile communications division reported a 26% year-on-year rise in revenues to 5.14 trillion Korean won (4.11 billion US dollars) for the second quarter of 2009. Boosted by strong demand for touch-screen and QWERTY keypad models, handset sales accounted for 4.88 trillion won, up 30% on the previous year as handsets shipments climbed 8% to almost 30 million.
Anticipating the global economic downturn will continue, LG sees the global handset market declining more than 6% year-on-year to around 280 million units in the third quarter, but LG expects to see steady growth thanks to the roll out of new models. source: LG statement
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