Qualcomm Inc (QCOM)

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Update : LG sells 11.8m phones in 3Q, ranking world's fourth handset maker

http://www.telecomskorea.com/index.php?option=content&task=view&id=785&Itemid=2


Tuesday, 19 October 2004

LG Electronics shipped 11.8 million handsets to the global market in the 3rd quarter, ranking 4th following Nokia, Motorola and Samsung Electronics. Sonly Ericsson sold 10.7 million units during the same period and Siemens has yet to reveal the 3rd quarter results next month with the sales estimated to be less than 10 million units.



LG Electronics’ quarterly handset sales passed the 10 million mark for the first time and its revenue from handset sales rose 64% to 2, 285 billion won (＄2 billion) year on year.



The sales of GSM handsets increased 35% thanks to the strong performance in North America and the growing WCDMA market, the handset maker added. Meanwhile, the company’s CDMA handset sales fell 25% due to the sluggish demand in Korea but marked 12% growth year on year in North America.



The company expects to sell 13 million handsets in the 4th quarter, up 45% year on year. While sales of CDMA and GSM handsets are likely to boom in North America and Europe, respectively, the company forecasts.



By Seong-ju Lee