LG Electronics has announced that it had sold more than 10 million 4G/LTE smartphones worldwide, a result of the company’s aggressive push into 4G/LTE markets with a combination of advanced hardware and communication technologies.
“Aggressive pushing forward with 4G LTE technology allows LG satisfy the needs of consumers and is a huge factor in our growing success in global LTE smartphone sales. Having established ourselves as a major industry player, we will continue to expand our footprint in the global LTE market with a wider range of differentiated, high quality LTE smartphones,” said Jong-seok Park, president and CEO of the LG Mobile Communications.
LG’s success in expanding its presence in this segment is a result of its early entry into the 4G/LTE market and its leadership in 4G/LTE research and development. Last year, LG launched popular 4G/LTE smartphones in significant markets such as the United States, Japan, Germany and South Korea. In recent weeks, the company began a global rollout of its LG Optimus G in an additional 50 countries.
According to Strategic Analytics, global shipments of 4G/LTE smartphones are expected to drastically increase to 275 million units this year. LG is aiming to double its 4G/LTE smartphone penetration this year, expanding its presence in both established and emerging markets with a variety of devices. New for 2013, LG’s Optimus F series will deliver a high-speed experience to users transitioning from 3G to 4G/LTE networks in countries around the world.