Friday, October 05, 2012

Samsung expects LG to become world’s third largest smartphone maker in 2013, hints at new models

LG Life's good

An investment report from Samsung Securities sneaked today forecasts LGE to achieve a turnaround in its smartphone business in 1Q13 and establish itself as the world’s third largest smartphone maker in 2H13 by producing better-quality products than its rivals, beating other second-tier players on the cost front, and expanding its global sales coverage.

The report expects the global smartphone market share of LGE to rise from 4.0% in 2012 to 5.8% in 4Q13, at the expense of second-tier players Nokia, Research in motion, and HTC.

The document also hints at two unknown models from LG that might be under development:

The phone (Optimus G) should hit overseas markets in November, and successors (such as the V2 and GK) should bolster consumer confidence in LGE’s products.

Samsung LG Report

It is true that the new LG products (such as the Optimus G) seem to go in the right direction but.. will it be enough to beat Nokia in the third place of smartphone manufacturers? Please have your say in the comments section below.

Source: Samsung Securities