Earlier today, LG issued a press announcement to share a milestone that they have achieved. As to why they did this on a Sunday is not clear, but perhaps they felt the slower news cycle would allow them to garner more headlines. In any case, the Korean phone maker has announced that they have sold 10 million 4G LTE handsets.
While LG has lost some market share in the mobile phone business, it has managed to carve out a nice niche for itself in the LTE business and part of the reason for this can be attributed to the fact that the company was quick to develop and release 4G handsets to capitalize on the expanding global 4G networks. Having sold ten million units shows that LG is also growing at a nice pace in this niche as it was only in August when they issued a press release to announce their sale of their five millionth unit. As such, within a six month time frame, the company has doubled its position in 4G sales.
Looking forward, the company does have some ambitious goals and one of them is to have 20 million LTE smartphone sales before 2013 is over. Will they be reach this goal remains to be seen, but one of their strategies is to have LTE smartphones available in a variety of price ranges and in this regards, the company has the Optimus G Pro as well as the Optimus F5 and Optimus F7.