Monday, January 26, 2015

LG sold 59.6 million smartphones units in 2014, 25% up 2013.

LG might be close to claim the 3rd position in the worldwide smartphone market share for the year 2014, with a 25 % gain over the before year 2013.

In units those are 59.6 million units sold up from the 47.6 units posted a year earlier.

Industry watchers said LG`s robust sales performance is attributable to the rising popularity of the G line, that includes the G3, and its low-end editions G3 Stylus and G3 Beat.

Industry watchers said the slowed growth of Chinese players expected for 2015, however, will cast a brighter outlook for LG‘s performance this year.

“As Xiaomi and other Chinese players will see slowed earnings in the first half of this year, LG’s smartphone shares and profitability will improve,” an industry insider said.

LG will start selling its brand new G Flex 2 at home later this month .

LG entered the smartphone market dominated by its bigger home-grown rival Samsung Electronics Co. in 2009 as a latecomer. 

LG shipped 20 million units of smartphones worldwide in 2011 and gradually expanded to 26.3 million units in 2012, data by market tracker Strategy Analytics showed. 

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