LG Electronics is a South Korean company headquartered at Seoul. It was founded in 1958 as Goldstar.
LG made the world’s first CDMA digital mobile handset in 1997 and has ever since been one of the most prominent mobile manufacturers. LG entered the smartphone industry in 2010 and is still a strong player in the industry.
LG manufactures a wide range of tablets and smartphones. In 2013, LG unveiled the curved smartphone, G Flex which was first released in South Korea and later released in Europe, Rest of Asia and North America. LG is going to build a new headquarter in New Jersey. Google also partnered with LG to launch its nexus 4 and Nexus 5 smartphones in 2013. LG focusses on setting new standards in Mobile technologies. LG remains at the forefront with innovative features such as 3D, bright and clear displays, multi-core processors and 4G LTE. LG shipped almost 20 million mobile phones among them 15.4 million were smartphones. North America was the brightest spot with mass market smartphones and feature phones across carriers, mainly in prepaid segment. Americas (North + Central & Latin) contributes to more than 3/4th of total smartphone sales for LG. Big and important fast growing markets such as India, China and Rest of Asia remains a weak spot for LG. Moving forward, it will launch LG G4 and mid-tier portfolio smartphones. Through these key devices LG is estimated to challenge Samsung in key markets such as Europe and North America.
Q4 2014 Shipments: 20.6 Million
Q1 2015 Shipments: 19.9 Million
Global Mobile Handsets Market Share in Q4 2014: 4.09%
Global Mobile Handsets Market Share in Q1 2015: 4.51%