LG aims to raise smartphone sales by 52 percent

Published on NewsOK Modified: February 25, 2013 at 5:13 am •  Published: February 25, 2013
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But LG hopes to make its Optimus brand stand out by drawing on technologies from other parts of the LG empire. The company is the largest shareholder in LG Display Co. and has collaborated with other LG affiliates on batteries and cameras.

LG was the world's third-largest maker of cellphones in 2009 but was caught off guard by the popularity of smartphones. In the fourth quarter of 2012, LG sold fewer phones than Chinese rivals Huawei Technologies Ltd. and ZTE Corp., which are expanding shipments of their cheaper smartphones.

Its mobile communications division was profitable for the first time in three years last year as it moved its focus from basic phones to lucrative smartphones.