About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Sunday, October 31, 2010

LG Swamped by Rivals' Smartphones

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

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