LG to sell 120 million phones in 2009, become 2nd largest by 2012?

LG-BL40-ChocolateLG is set to release some stellar devices this year. A couple to mention is their first Android device named the “Etna” and the upcoming TELUS LG BL40 Chocolate.

With new devices and a positive outlook, Ahn Seung-kwon, head of LG’s mobile business has stated “we have raised the sales target of mobile phones to 120 million this year. Although the economic downturn has cut our growth potential, the revised target is achievable. The target consists of 75 million GSM-based phones and 45 million CDMA-based ones”.

This is a 20% increase from last year. During the first half of this year, globally LG has sold a total of 52.4 million handsets (22.6 million in the 1st quarter & 29.8 million in the 2nd quarter).

Ahn Seung-kwo also stated “LG’s mobile phone business has been making an annual average growth of 25-30 percent in the global market. The expansion pace is the fastest among the world’s big five. LG will become the world’s second-biggest handset maker by 2012 through profitable growth in mid- and high-end models. The one thing I can clarify is that we will secure our bottom line. Better product mix-up and a better outlook for the upcoming strategic phone – New Chocolate – will help us”.

Via: Korea Times