LG pins hopes on Android
By Rhee So-eui |
January 14, 2010, Thursday
|
Print Edition
Print Edition
LG Electronics Inc, the world's No. 3 mobile phone maker, aims to increase handset sales by 20 percent this year and is pinning its hopes on Google's Android operating system to beef up its smartphone range.
The South Korean company has a relatively weak footing in the booming smartphone business against Apple Inc, Research In Motion and Nokia.
LG said yesterday it aimed to sell 140 million mobile phones this year. It sold 117 million handsets last year, to claim about 10 percent of the global market.
"LG should be able to post some growth in unit sales, but margins could come under pressure if the growth comes from the low end," said Han Eun-mee, an analyst at HI Investment & Securities in Seoul.
LG, which trails Nokia of Finland and South Korean rival Samsung Electronics Co Ltd in mobile phones, will unveil about 20 smartphones this year, with more than half based on Google's Android operating system.
The South Korean company has a relatively weak footing in the booming smartphone business against Apple Inc, Research In Motion and Nokia.
LG said yesterday it aimed to sell 140 million mobile phones this year. It sold 117 million handsets last year, to claim about 10 percent of the global market.
"LG should be able to post some growth in unit sales, but margins could come under pressure if the growth comes from the low end," said Han Eun-mee, an analyst at HI Investment & Securities in Seoul.
LG, which trails Nokia of Finland and South Korean rival Samsung Electronics Co Ltd in mobile phones, will unveil about 20 smartphones this year, with more than half based on Google's Android operating system.
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