The Korean phone maker LG has announced that it has sold more that 10 million units of LTE-enabled smartphones globally.The company crossed this milestone in more than six months after the company announced it had surpassed 5 million sales of LTE-enabled phones.
Commenting on this achievement, LG CEO Jong-seok Park said in a statement:
Aggressive pushing forward with 4G LTE technology allows LG [to] 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.
The company is now pretty excited and looking forward to make its LTE smartphones presence double in 2013 as LTE smartphone shipment growth is expected to triple. As per the Market researcher Strategy Analytics, global LTE smartphone shipments would hit 275 million this year. Strategy Analytics also claimed that LG’s market share fell to 9 percent from 15 percent in the third quarter of 2012. Samsung remained the market leader even though its share fell from 51 percent to 40 percent. Apple brought in 26.7 percent for second place.
So, the company has achieved this feat despite the loss in market share. It happened probably because of the expansion of its segments into the developed markets such as USA, Japan, Germany and South Korea. Recent availability of the LG Optimus G, which has already recorded 1M unit shipment in 4 month since it debut, in more than 50 additional countries also contributed to achieve the milestone.