LG Achieves Sale of Five Million LTE Smartphones
With One of the Widest Selection of LTE Devices, LG Follows Strategy of Different Phones for Different Consumer Needs(PresseBox) (Zurich, )
LG released the first LTE smartphone "RevolutionTM by LG" in the U.S. in May of last year through the largest carrier Verizon Wireless and expanded its LTE target markets with its global LTE smartphones.
Focusing on the key markets with LTE capabilities, LG saw strong acceptance by offering diverse LTE smartphones according to consumer needs. Currently, more than ten LG LTE smartphones are available in countries where LTE service is available, including Korea, U.S., Japan and select markets in Europe and Asia.
Although Optimus LTE takes the title of the most popular LTE smartphone from LG with two million in sales, Optimus Vu: has sold over 500,000 units since March, demonstrating the device's acceptance as it prepares for its global roll-out. And with the release of the industry's first 2GB RAM LTE smartphone Optimus LTE II in May, LG saw the fastest sales among all LTE smartphones with this device reaching half a million units in the first 70 days.
According to a report by Jefferies & Company, LG is the global leader in LTE patents with a value of over USD 8 billion. And intellectual property consulting firm TechIPM analyzed LTE-related patents registered to the U.S. Patent and Trademark Office by second quarter of this year and reported that LG held the largest overall number of patents as well.
"Sales of global LTE smartphones are expected to increase ten-fold this year from last year," said Dr. Jong-seok Park, President and CEO of LG Mobile Communications Company. "With that in mind, we are planning to introduce an even more impressive LTE line-up in the next several months second to none."
About LG Electronics Mobile Communications Company
The LG Electronics Mobile Communications Company is a global leader and innovator in mobile communications. With its breakthrough technologies and innovative designs, LG continues to establish a number of benchmarks in the smartphone market, while also helping create a better lifestyle for consumers by delivering a wholly enhanced smartphone experience. As a leader in 4G Long Term Evolution (LTE) technology, LG continues its commitment to developing groundbreaking LTE technologies and fulfilling consumer demands with differentiated LTE devices of the highest quality, all of which are based on the company's wealth of LTE patents and technical knowledge. For more information, please visit www.lg.com.