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LG Mobile Phones Retains Top Spot in the U.S. CDMA Handset Market



Hyderabad, January, 2005: LG Mobile Phones kept its top position in the U.S. CDMA handset market by grabbing the largest share of the U.S. CDMA handset market in the third quarter of 2004. This top spot was achieved by selling more than 4.5 million units to garner 27 percent of sales in the U.S., according to a mobile phone market share study by leading IT market research and advisory firm IDC, released recently. LG's nearest competitor emerged with 23 percent of the market, strengthening LG's dominance of the CDMA market throughout 2004.

"Building on our strong momentum in the U.S. CDMA market throughout 2003 and into 2004, LG is pleased to learn that its success has been extended for another solid quarter," said Juno Cho, President, LG Mobile Phones. It is gratifying to see that our hard work continues to pay off and perhaps more importantly, that our products appeal to a wide-range of mobile users."

The highly successful CDMA models launched by LG in 2004 included the VX7000 and VX6100 handsets for Verizon Wireless, and the PM-325 and VI-5225 devices for Sprint PCS.

In addition to LG's top finish among CDMA handset sales, LG was ranked fourth overall in U.S. market share for Q3 of 2004, ahead of competitors Sony Ericsson and Kyocera, according to results from IDC's Worldwide Mobile Phone Qview program (Q3 2004).

About LG Electronics Inc.
Established in 1958 as Korea's pioneer consumer electronics company, LG Electronics is a major global force in Electronics and Information & Communications products. Over 55,000 employees working in 76 overseas subsidiaries and marketing units, around the world, strengthen LG Electronics' core competencies in three main business companies: Digital Appliance, Digital Display and Media, Telecommunication Equipment and Handset.

LG CDMA ranks No 1 in the World in CDMA handsets and is among the top 5 handset manufacturers Worldwide. It is also the No.1 CDMA handset vendor in India.

The Telecommunication Equipment and Handset Company provides total solutions, ranging from wired and wireless handset to telecommunication equipment. LG Electronics is steadily expanding its world market share in CDMA, GSM and WCDMA (UMTS) through innovation and the development of leading-edge technologies in next-generation wireless telecommunications. In 2003, LG CDMA was honoured with the "3G CDMA Industry Achievement Award" Award by the CDMA Development Group (CDG) for Subscriber Technology Innovation in 2003.

Reachout's News Bureau
January'05

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