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LG Electronics expected to overtake Motorola in handset sales
LG ELECTRONICS INC. (KSE:066570) is expected to overtake MOTOROLA INC. as the world's No. 3 handset seller in the third quarter despite narrowly missing market expectations of achieving the feat in quarter two, as the South Korean electronics giant's models continue to gain popularity. LG Electronics reported Tuesday that it sold 27.7 million mobile phones at home and abroad in the second quarter, up 14 per cent from the previous three months, making the sales figure the world's fourth-largest. * According to market researcher IDC, LG has a global market share of 9.1 per cent, marginally behind Motorola's 9.2 per cent. * NOKIA CORP. of Finland was the top seller with about 40 per cent, followed by South Korea's SAMSUNG ELECTRONICS CO. (KSE:05930) with 21 per cent. For full details for LGEPF click here. http://www.tradingmarkets.com/.site/news/Stock%20News/1800874/ |
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