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LG Electronics MobileComm Takes Number Two Spot Across all Mobile Phone Technologies in U.S. for 200517 March 2006
According to a recently released mobile phone market share study from leading information technology market research and advisory firm IDC, LG Electronics MobileComm, Inc. (LG Mobile Phones), secured the number two spot for all mobile phone technologies in U.S. for 2005, selling just over 25 million handsets during the year, increasing its market share to nearly 17 percent.
Fueled by its robust growth with leading handsets such as the V by LG and the VX8100, LG once again has won the largest share of the U.S. CDMA mobile handset market in 2005, selling nearly 19 million units to garner 27.3 percent of total CDMA sales in the U.S. LG's nearest competitor emerged with only 17 percent of the market, solidifying LG's position of the CDMA market throughout 2005. Globally, LG finished the full year with a 20.9 percent CDMA market share, holding the lead as the number one vendor.
In addition to its strong leadership in the CDMA market, LG has continued its impressive growth in the GSM category, retaining its number four position in terms of market share with over 2.2 million GSM handsets shipped in the U.S. for the fourth quarter of 2005. LG's GSM global market share has steadily increased since 2001, and the company's strong growth in the GSM market has LG poised to continue its major expansion into the U.S. GSM space into 2006.
"LG Mobile Phones is pleased to learn that once again, our CDMA handsets have outsold all other brands in the U.S.," said Juno Cho, president, LG Electronics MobileComm U.S.A. Inc. "Our dominance of the U.S. CDMA market throughout the years is very gratifying, as is our continued growth in the U.S. GSM market. We continue to focus on innovation, listening to our customers and working with them to create high quality mobile devices that appeal to a wide range of consumers."
Highly successful LG CDMA models launched to-date in 2005 include the flagship EV-DO-capable VX8100 with MP3 capability, the MM535 1.3 megapixel camera phone, the PM-225 device and The V by LG. The V is the ultimate entertainment device that is EV-DO-capable with a 1.3 megapixel integrated camera and camcorder, full QWERTY keyboard, and MP3 player. Extremely popular GSM handsets launched this year include the EDGE-capable A7110 handset and the stylish and functional L1400i and C1300i models.
Note to Editor
Source: IDC, Worldwide Quarterly Mobile Phone Tracker, 4Q05 Data.
About LG Electronics, Inc.
LG Electronics, Inc., (KSE: 06657.KS) is a global leader in consumer electronics and mobile communications. The company has more than 72,000 employees working in 77 subsidiaries and marketing units around the world. LG Electronics is the world's largest producer of CDMA mobile phones, residential air conditioners, optical storage devices and home theater systems. With total worldwide consolidated revenues of more than US$45 billion (2005), LG Electronics comprises four business units: Mobile Communications, Digital Appliance, Digital Display and Digital Media. For more information, please visit http://www.lge.com.
About LG Electronics Mobile Communications Company
LG Electronics Mobile Communications Company is one of the world's leading manufacturers of UMTS (WCDMA), CDMA and GSM handsets, which have been designed to improve the value of customer life. With a total range of wired and wireless solutions, the company is rapidly establishing a global presence and growing its international market share in 3G handsets.
For more information, please visit http://www.lgusa.com.
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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