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LG Hits All-Time High In U.S. Mobile Share

Garners 20% of handset sales in Q1 5/11/2017 05:15:00 PM Eastern

LG Electronics garnered a 20 percent share of the U.S. mobile phone market for the first time last quarter, reinforcing its position as this country’s No. 3 handset brand.

According to research by Strategy Analytics and reported by ET News, LG racked up sales of 7.3 million units in the first three months of 2017, placing it behind No. 2 Samsung, which has a 24.6 percent share, and widening the gap with fourth-place ZTE, which has 6.7 percent of the market.

Apple remained the mobile phone leader in Q1 with sales of 12.6 million units, comprising a 34.5 percent chunk of the U.S. pie.

LG grew its share by about 3 percent year over year thanks to steady sales of its super-premium V20 phone and the popularity of its mass market K- and X-series handsets, the report indicated.

The company may have also benefitted from the recall of the ill-fated Galaxy Note7, which contributed to a 3 percent decline in Samsung’s share, to some 9 million phones sold.

The figures exclude LG’s new G6 handset, which launched in the current quarter. The well-received flagship could give its phone share a further boost, notwithstanding the impact of Samsung’s just-released Galaxy S8.

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