LG wants to sell 35 million smartphones this year and has put a huge bet on Long Term Evolution (LTE). This year LG mobile will have its smartphones with undivided attention to LTE based devices.
“This year, we are aiming to sell 80 million handsets including 35 million smartphones. But more importantly, LG aims to sell 8 million LTE smartphones,’’ said Park Jong-seok, head of the company’s handset division.
Last year, for the first time since their shift from feature phones to Smartphones, LG reported a profit. To sell those millions of smartphones, LG also has a smart portfolio with Optimus Vu, Optimus 4X HD and Optimus 3D Max which LG believes might do wonders for the company.
“We have no doubt that LG Electronics is showing signs of improvement. Its Optimus smartphones are selling well and its Web-connected TVs with 3D functionality are also garnering more shares, globally,’’ said Baek Jong-seok, an analyst at leading local brokerage Hyundai Securities, citing 130,000 won as its target stock price.
Whatever LG decides, selling 35 million Smartphones seems a little crazy number even with smart device line-up for LG. The only device that performed better last year we could think of is LG Optimus One which again begs to fall under mid-range smartphone-like device.