Thursday, July 7, 2011

LG sees H2 smartphone sales up 40 pct


>>LG Electronics Inc , the world's No.3 handset maker, expected its smartphone sales to rise by around 40 percent in the second half to 14 million units from the previous half, as it introduced Optimus 3D on Thursday in South Korea in its latest push to turn around the loss-making handset business.

But it lowered its overall handset sales target for 2011 by a quarter to 114 million units from 150 million units made earlier this year, as demand for its mainstay feature phones drop due to customers switching to smartphones.

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