LG aiming to become #2 global manufacturer by 2012

LG aiming to become #2 global manufacturer by 2012
So where do you go when you're ranked as the third largest mobile phone manufacturer in the world? Number one would be the spot we'd think most people would go after. In the case of LG Electronics, their aim is to become the number two maker by 2012. Not this year, not the next, but three years from now is when they're looking to move up a spot and settle for second best. That may not be a bad thing though, especially when you're trying to topple the long standing king of the mobile world; Nokia. LG's commitment of obtaining a 10 percent market share seems like a reasonable goal – even when the global mobile phone market is slimming down to 10 percent due to the worldwide gloomy economy. They managed to claim 9 percent of the market share in 2008 – now they're placing more emphasis on releasing 80 handsets in 2009 with 12 of them classified as premium models. Additionally they are teaming up with Microsoft and Google to unveil more smart phones. We've already heard reports of an app store-esque service launching in Korea in July. So all of this is pointing at one thing for the Korean manufacturer – second place by 2012.

via Reuters


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