By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Seoul, South Korea — LG Electronics reports it has reached the 5 million unit sales mark for LTE smartphones.
After reaching sales of 4 million LTE smartphones last month, an additional 1 million smartphones were sold in the month of July — one LTE smartphone roughly every 2.5 seconds, LG said.
It released the first LTE smartphone, Revolution by LG, in the U.S. in May of last year through Verizon Wireless and expanded its LTE target markets with its global LTE smartphones.
LG said that currently, more than 10 of its LTE smartphones are available in countries where LTE service is available, including South Korea, U.S., Japan and select markets in Europe and Asia.
Although Optimus LTE takes the title of the most popular LTE smartphone from LG with 2 million in sales, Optimus Vu has sold more than 500,000 units since March, demonstrating the device’s acceptance as it prepares for its global rollout. And with the release of the industry’s first 2GB RAM LTE smartphone Optimus LTE II in May, LG saw the fastest sales among all LTE smartphones, with this device reaching half a million units in the first 70 days.
“Sales of global LTE smartphones are expected to increase 10-fold this year from last year,” said Dr. Jong-seok Park, president/CEO of LG Mobile Communications Company, in a statement today.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.