LG Sold 10 Million LTE Smartphones Globally

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By Vijaykumar Meti | March 3, 2013 8:43 PM EST

LG Electronics Sunday announced that it had sold more than 10 million LTE-enabled smartphones globally.

"Aggressive pushing forward with 4G LTE technology allows LG satisfy the needs of consumers and is a huge factor in our growing success in global LTE smartphone sales," said Dr. Jong-seok Park, President and CEO of the LG Mobile Communications Company. "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."

It has been roughly two years since the company started selling LTE-enabled smartphones, but LG has just crossed an important milestone.

The company is aiming to double its LTE-enabled smartphone penetration this year by expanding its presence in both established and emerging markets with a variety of devices. According to Strategic Analytics, global shipments of LTE smartphones are expected to increase to 275 million units this year.

The company said, the success in expanding its presence in this segment is a result of its early entry into the LTE market and its efforts in LTE research and developments.

In 2012, LG launched its popular LTE handsets in significant markets such as the United States, Japan, Germany and South Korea.

In 2013, LG released Optimus G LTE-enabled smartphone globally. The company also offered Optimus F series smartphones, which will deliver high-speed experience to user transitioning from 3G to 4G LTE networks globally. 

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