LG has seen success with its LG G3 smartphone and other handsets, the company is expected to announce their new flagship device later this year, the LG G4.
Now according to a recent report, LG has seen an increase of around 25 percent in its smartphone sales in 2014.
According to market analysts, LG’s smartphone sales grew by 25 percent in 2014, and the company is expected to have shipped 59.6 million smartphones in 2014. The company managed to ship a total of 47.6 million smartphones in 2013, so 2014 smartphone sales are expected to have increased around 25 percent.
Historical Growth and Market Performance
LG has seen increased growth of its smartphone sales over the last few years. In 2011, the company shipped 20 million devices, and in 2012, they shipped 26.3 million devices. This steady growth trajectory highlights LG’s ability to adapt to market demands and innovate within the competitive smartphone industry. The LG G3, in particular, has been a standout model, praised for its high-resolution display, robust performance, and user-friendly interface. These features have helped LG carve out a significant share of the global smartphone market.
The company’s strategy of releasing a mix of flagship and mid-range devices has also contributed to its success. By catering to different segments of the market, LG has been able to attract a diverse customer base. The LG G Flex 2, for example, is another innovative device that has garnered attention for its curved design and advanced features.
Future Prospects and Upcoming Releases
Sales of LG devices are expected to grow in 2015. They recently announced their new LG G Flex 2 smartphone, which features a unique curved design and self-healing back cover. This device has already generated significant buzz and is expected to perform well in the market. Additionally, the upcoming LG G4 is highly anticipated and is expected to build on the success of the LG G3 with even more advanced features and improvements.
In addition to these flagship models, LG has a number of new devices planned for this year. The company is likely to continue its strategy of offering a range of devices to cater to different market segments. This approach not only helps in capturing a larger market share but also ensures that LG remains competitive against other major smartphone manufacturers like Samsung, Apple, and Huawei.
Moreover, LG’s focus on innovation and quality is expected to drive its growth further. The company has been investing heavily in research and development to bring cutting-edge technology to its devices. Features like high-resolution displays, advanced camera systems, and enhanced battery life are likely to be key selling points for LG’s upcoming smartphones.
In conclusion, LG’s impressive growth in smartphone sales in 2014 is a testament to the company’s successful strategy and innovative products. With the upcoming release of the LG G4 and other new devices, LG is well-positioned to continue its upward trajectory in the competitive smartphone market.
Source Korea Herald, Gforgames
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