LG Electronics MobileComm Becomes Second Largest Mobile Phone Manufacturer in the U.S.18 December 2005
According to recently released mobile phone market share data from IDC's Worldwide Quarterly Mobile Phone Tracker(1), LG Electronics MobileComm (LG Mobile Phones) has taken the number two spot across all mobile phone manufacturers in terms of shipment volumes in the U.S. for Q3 2005. After selling 7.8 million handsets nationwide, LG's overall market share rose to 19.6%.
In addition to rising to the number two position in mobile phone shipments in the U.S., LG gained the number one ranking in terms of sales of CDMA phones globally for the third quarter of 2005. LG's overall global market share for CDMA phones jumped 5.1% for a total of 24.3%. In addition, sales of CDMA phones in the U.S. for Q3 of 2005 sustained its number one ranking. Since Q4 of 2003, LG has shipped more CDMA handsets in the U.S. than any other manufacturer, according to IDC(2).
Building on its well-known leadership in the CDMA market, LG has continued its impressive growth in the GSM category. Just over two years after the launch of its first GSM handset in the U.S., LG again secured the number four spot in the U.S. GSM market in Q3 of 2005. Building on the strong position the company occupied in Q2 2005, LG's U.S. GSM market share increased to 10.3% in the third quarter of 2005, a prominent increase of 4.2% compared to Q2.
"We are proud that LG secured the number two spot for U.S. mobile phone shipments," said Juno Cho, president, LG Electronics MobileComm U.S.A. Inc. "LG's CDMA sales have maintained strong momentum in the third quarter of 2005 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 that enhance their lifestyle."
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 (VX9800). 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 and CE500 handsets and the stylish and functional L1400i and C1300i models.
About LG Electronics, Inc.
LG Electronics (KSE: 06657.KS) is a global leader in providing cutting-edge, convergent electronics, information and communications products designed to meet the diverse needs of fast-changing consumers. With consolidated sales of US$37.7 billion and overseas sales of US$ 32.6 billion (86% of total sales), LG Electronics employs more than 70,000 employees in 76 subsidiaries located in 39 countries and operates four business units including Mobile Communications, Digital Appliance, Digital Display and Digital Media.
About LG Electronics Mobile Communications Company
LG Electronics Mobile Communications Company is the world's leading manufacturer of WCDMA (UMTS), CDMA and GSM handsets, and the fastest growing manufacturer of mobile phones worldwide. The company provides a total range of wired and wireless solutions, and is rapidly establishing a global presence as it cultivates international market share in 3G handsets.
(1) Source: IDC, Worldwide Quarterly Mobile Phone Tracker, Q3 2005, December 2005.
(2) Source: IDC, Worldwide Mobile Phone Tracker, Q3 2005, December 2005 and Worldwide Mobile Phone QView, Q4 2004, March 2005
Source: prnewswire
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