LG sees big market share boost in Europe

February 2008
Red Herring;2/6/2008, p3
Trade Publication
The article announces the plan of Korean cell phone maker LG Electronics to boost its market share in Europe to 10 percent as it strengthens its third generation phone line-up and boosts its brand. In January 2009, LG, the world's fifth-largest cell phone maker, set a target of increasing its global phone sales in 2009 by about 25 percent, to 100 million handsets. LG and three out of four of its larger rivals have reported strong growth numbers in last quarters, helped by falling sales at Motorola.


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