LG Electronics said that its Mobile Communications Company's revenues decreased by 30% year-on-year to 3.22 trillion Korean won (2.87 billion US dollars) in the third quarter, as a result of a decline in handset shipments across developed markets. LG said it shipped 28.4 million handsets in the quarter, a 10% year-over-year decline, as demand for smartphones increased.
However, the Korean handset maker said it expects the global introduction of the Optimus One smartphone and new Windows Phone 7 models to generate a positive response from consumers in the coming months. In the fourth quarter, LG said that it expects to see high single digit growth in handset shipments quarter-on-quarter. source: LG presentation