If figures quoted in the South Korean based newspaper JoongAng Daily are correct, LG Electronics made up quite a lot of ground in the handset market last year. The report shows that the Korean manufacturer shipped more than 100 million units in 2008 which allowed them to leap frog over Motorola and Sony Ericsson to move into third place out of a list of the top 5 cellular phone producers in the global market. The same figures show Finnish company Nokia as the leader with 470 million units shipped last year. In second place is Samsung with 200 million phones moved. After LG comes Motorola followed by Sony Ericsson. Those two shipped 99.9 million and 96.6 million units respectively. Depending on whom you talk to, LG is considered the first firm to produce a touchscreen model with the introduction of the LG Prada. Recently the company introduced their first smartphone for the U.S. market with the LG Incite and, as we have reported, rumors persist of a modular phone that will be sold by Verizon Wireless as the VX9600.