InterDigital Inc (IDCC)

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LG ups 07 Sales goal

December 12, 2007 (FinancialWire) LG Electronics (NYSE: LPL) has raised its 2007 sales goal by two million phones and now says that it expects a fourth quarter operating profit margin of around 8%.

LG is the world's fifth largest mobile phone maker, behind rivals including Motorola (NYSE: MOT), Nokia (NYSE: NOK), and Samsung. The company expects to sell 80 million mobile phones this year, above its earlier target of 78 million, and it expects to ship up to 100 million phones in 2008. According to LG executive vice president Bae Jae-hoon demand for LG phones is strong at home and abroad as the South Korean company tries to enhance its brand image.

The company has introduced a variety pf premium mobile phones intended to strengthen its position globally.

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