LG ELECTRONICS MOBILECOMM TAKES NUMBER TWO SPOT ACROSS ALL MOBILE PHONE TECHNOLOGIES IN U.S. FOR Q3 2006
Leading Mobile Phone Manufacturer Maintains the Number One Spot in Global CDMA Handset Sales for the QuarterLeading Mobile Phone Manufacturer Maintains the Number One Spot in Global CDMA Handset Sales for the Quarter
SAN DIEGO, Dec. 26, 2006 - According to recently released mobile phone market share data from Strategy Analytic's Quarterly Mobile Phone Tracker, LG Electronics MobileComm U.S.A., Inc. (LG Mobile Phones) has secured the number two ranking for sales of mobile phones in the United States in Q3 2006, shipping 7 million handsets for the quarter.
In addition to increasing shipment market share in the North America to 17.2 percent in all technologies, LG increased its dominance in the global handset market, once again securing the number one spot for global CDMA sales for the quarter. Global CDMA sales for LG were 10.5 million units vaulting LG to 23.5 percent market share worldwide.
"As LG Mobile Phones continues to produce innovative handsets that meet the demand of the current consumer marketplace, we are proud to have secured the number two spot for phone shipments in North America," said Juno Cho, president, LG Electronics MobileComm U.S.A. Inc. "LG's CDMA sales have maintained strong momentum in the third quarter of 2006 and our steady expansion into the GSM market is being met with encouraging results. A testament to this tremendous growth is our relentless dedication as a company to offer consumers the most innovative and technologically advanced wireless communication devices, such as our global sensation Chocolate, that enhance their lifestyle."
Highly successful LG models launched in Q3 2006 include the stylish Chocolate by LG and LG FUSIC music phones as well as the speedy LG CU500 world capable HSDPA handset and the LG VX8300.
Strategy Analytic's is a Boston based independent research and consulting firm. For more information go to www.strategyanalytics.net
ABOUT LG ELECTRONICS USA, INC.
Based in Englewood Cliffs, N.J., LG Electronics USA, Inc., (LGEUS) is the North American subsidiary of LG Electronics, Inc., a $43.4-billion global force in consumer electronics, home appliances and mobile communications. In the United States, LGEUS sells a wide range of digital display and digital media products, digital appliances and mobile phones under LG's "Life's Good" marketing theme. For more information, please visit www.LGusa.com.
ABOUT LG ELECTRONICS, INC.
LG Electronics, Inc. (KSE: 06657.KS) is a global leader and technology innovator in consumer electronics, home appliances and mobile communications, employing more than 72,000 people working in over 120 operations including 80 subsidiaries around the world. Comprising four business units -- Mobile Communications, Digital Appliance, Digital Display and Digital Media with 2005 global consolidated sales of US $43.4 billion -- LG Electronics is the world's largest producer of CDMA handsets, residential air conditioners, plasma panels, optical storage products, DVD players and home theater systems. For more information please visit www.lg.com.
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