LG aims to sell 38% more Handsets in Europe
Posted on Thu, 7 Feb 2008 01:31:17 CST | by Luigi Lugmayr
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HELSINKI (Reuters) - Korean cell phone maker LG Electronics Inc aims to sell 38
percent more handsets in Europe in 2008 than last year, helped by new models
like Viewty, it said on Wednesday.
LG said it aims to grow its market share in Europe to 10 percent as it
strengthens its 3G phone line-up and boosts its brand. LG did not reveal its
European market share, but its stake of the global market was 7 percent last
year.
LG said it aims to sell more than 13.5 million phones in Europe, compared with
9.8 million in 2007.
"This year's 3G market is expected to be 64 percent of all cell phone sales in
Europe, compared with 34 percent last year," LG said in a statement.
Last month, LG, the world's fifth-largest cell phone maker, set a target of
increasing its global phone sales this year by about 25 percent, to 100 million
handsets.
LG and three out of four of its larger rivals -- Nokia , Samsung Electronics and
Sony Ericsson -- have reported strong growth numbers in last quarters, helped by
falling sales at Motorola.
(Reporting by Tarmo Virki; Editing by Gary Hill)
© Copyright 2007 Reuters.
Photo:
Bollywood actress Deepika Padukone displays LG's new professional-level camera phone "Viewty" during its launch in New Delhi December 24, 2007. REUTERS/Vijay Mathur
Posted on Thu, 7 Feb 2008 01:31:17 CST | by Luigi Lugmayr
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