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One out of four 3G phones in Europe is LG-made: IDC report 6/10/2005 1:53:41 PM IST

http://www.indiainfoline.com/news/news.asp?dat=60333

According to a report on Europe’s mobile phone market during the 1st quarter of 2005 released by International Data Corporation, a world-famous market research agency, LG Electronics sold one million units in Europe’s WCDMA mobile handset market, catching the No.1 market share position with 25.5 %.

Europe’s WCDMA market size was estimated at 8.1mn units last year, and rapid growth is expected with 22 million units forecasted. As such, it is the world’s largest WCDMA handset market.

Outpacing other world-leading handset makers, LG Electronics’ rise to the No.1 position was primarily due to the company’s development and application of cutting-edge technologies in digital appliances and WCDMA mobile phones to ensure video telephony, stable communication quality, long battery life, compact size and refined design. This, along with several other features, has allowed the organization to differentiate its products from those of its competitors.

LG Electronics was selected last year as the WCDMA phone supplier to the largest US mobile operator, Cingular Wireless of North America. This event made LG Electronics the first Korean-based mobile phone supplier to achieve such a goal. With this in mind, LG Electronics plans to supply handsets with innovative designs and multimedia features to the North America market during the commercial launching of WCDMA service due in the second half of this year.

Park Mun-hwa, President, Mobile Communication Company, LG Electronics, said, “LG Electronics last year supplied approximately 4 million units globally, becoming the frontrunner in the WCDMA mobile phone sector, and we have since been continuing to grow.” He added, “Based on our leadership in the WCDMA market, we will boost penetration into GSM/GPRS/EDGE markets, and spur efforts to develop 3.5G HSDPA mobile handsets, thus putting LG Electronics’ handsets as a premium brand in place in the next-generation mobile phone market.”