Korean company LG Electronics, ranked fifth among the world's largest manufacturers of mobile phones is ready to expand its influence in this fast growing market. One of the leaders of the company Yong Nam (Nam Yong) is sure that the manufacturer will dramatically increase its market share at the expense of not very good indicators of Motorola. The managers hope that LG will soon become the third largest player in this segment.
Recall that in 2007 the share of LG's mobile phone market was 7.2 %. This year, the Koreans are going to sell 100 million. devices and capture is 8.3%. Much emphasis is on luxury models such as Viewty. Do not forget about the young developing markets.
At that time, as LG makes optimistic predictions, Motorola is losing money. After the incredible success of RAZR the company is desperately trying to re- release is just as beautiful and popular model, but so far these attempts have failed. Americans continue to give Nokia and Samsung Electronics. However, in January, the representatives of Motorola made official statements, according to which the company revised its strategy, which could lead to a complete abandonment of loss-making mobile unit.
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