LG sold 5 million LTE smartphones, shoots for a 'second to none' LTE lineup soon

LG ACHIEVES SALE OF FIVE MILLION LTE SMARTPHONES



With One of the Widest Selection of LTE Devices, LG Follows

Strategy of Different Phones for Different Consumer Needs



SEOUL, Aug. 15, 2012 -– LG Electronics (LG) announced that it reached a

new milestone with global sales of five million LTE smartphones to date.

After reaching sales of four million LTE smartphones last month, an

additional one million smartphones were sold in the month of July -– one

LTE smartphone roughly every two and a half seconds.

LG released the first LTE smartphone "RevolutionTM by LG" in the U.S. in

May of last year through the largest carrier Verizon Wireless and expanded

its LTE target markets with its global LTE smartphones.

Focusing on the key markets with LTE capabilities, LG saw strong

acceptance by offering diverse LTE smartphones according to consumer

needs. Currently, more than ten LG LTE smartphones are available in

countries where LTE service is available, including Korea, U.S., Japan and

select markets in Europe and Asia.

Although Optimus LTE takes the title of the most popular LTE smartphone

from LG with two million in sales, Optimus Vu: has sold over 500,000 units

since March, demonstrating the device's acceptance as it prepares for its

global roll-out. And with the release of the industry's first 2GB RAM LTE

smartphone Optimus LTE II in May, LG saw the fastest sales among all LTE

smartphones with this device reaching half a million units in the first 70

days.

According to a report by Jefferies & Company, LG is the global leader in

LTE patents with a value of over USD 8 billion. And intellectual property

consulting firm TechIPM analyzed LTE-related patents registered to the

U.S. Patent and Trademark Office by the second quarter of this year and

reported that LG held the largest overall number of patents as well.

"Sales of global LTE smartphones are expected to increase ten-fold this

year from last year," said Dr. Jong-seok Park, President and CEO of LG

Mobile Communications Company. "With that in mind, we are planning to

introduce an even more impressive LTE line-up in the next several months

second to none."

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