LG Exceeds Mobile Phone Shipment Estimates

Mobile phone analysts made forecasts that cell phone maker LG would ship 23 to 24 million units. Well, they are in for a surprise because LG Electronics Co. Ltd. shipped 24.4 million handsets in the first quarter of this year. This is great news for the company's investors considering that cell phones are just are one of four main businesses run by the Korean company.

With this high number of shipped handsets, LG's profits have also increased. The sales of the company's respected mobile phones reached three point two millions dollars. These sales represented an increase of more then 35% when compared to mobile phones sales in last year's first quarter.

The surge in LG's sales can probably be explained by the popularity of it's high tier W-CDMA handsets in the US mobile phone market. The LG Voyager, LG Viewty and LG are among the models that generated a lot of sales and income. Let's have a brief look at these phones.

The LG Voyager is offered by Verizon Wireless in the US. This mobile phone is describe as LG's answer to the iPhone. It offers a 2.0 Megapixel Camera, Bluetooth, QWERTY Keyboard, Removable Memory. It is also compatible with V CAST Mobile TV and VZ Navigator.

Verizon also offers the LG Viewty also known as the LG KU990 is a mobile phone that allows users to take and view a crystal clear photo. It offers a high-definition image using a 5 mega pixel camera lens, a large 3-inch display and other high-end features.

The Venus is the only LG Touch handset that feaures dual LCD screens. The dual screens eliminate keys that were previously used for navigating the menus of traditional cell phones. It also offers built-in Bluetooth, a 2-megapixel camera, VZ Navigator capability, and a microSD expansion slot

The company's unit shipments in China, India and other emerging markets also increased. However, shipments in Europe remain sub par. Nevertheless, the increase in sales
has boosted LG’s stock up to 33% since the beginning of the year. Some estimates suggest that LG’s momentum may enable the company to qualify for the to fourth place in global rankings.

And things are looking for the Korean mobile phone maker. The company is projecting a 4% overall industry growth to 290 million units. To keep its place among the top in the world, LG will launch the third edition of its Black Label series. Focusing on touchscreen technology, Internet browsing and multimedia functionality is also part of the company's plans.

I hope that this increase in sales will push LG and other mobile phone makers to make better handsets. Competition is always a good motivation for these compoani9es to produce improved and high tech mobile devices.