LG Q2 Phone Sales Up 20%
Today LG Electronics Inc reported that sales of mobile phones are expected to to grow 20 percent from the first quarter.
LG managed to sell a record 24.4 million phones in the first quarter of 2008, thanks to strong demand for it high end phones like Viewty, LG KF600 and newly announced Secret.
LG Electronics is planning to sell 100 million units this year, LG currently is number 4 handset maker.Jae Bae, President of LG’s Mobile Communications division for Southeast Asia said in an interview:
“There are some obstacles in the worldwide economy, like high oil prices, but our sales have been steady, and we expect our second-quarter sales to rise 20 percent from the first quarter”
“We are very confident of achieving our sales target of 100 million phones this year, and we will aim to exceed that target.”
Via Reuters
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