LG wants to grab market share from Motorola
By Dusan Belic on Friday, February 22nd, 2008 at 6:27 AM PST In LG
You know the saying, “As some go out, others come in.” That’s exactly what LG is thinking – to take advantage of the struggling American handset maker.
When asked whether Motorola (NYSE: MOT)’s poor performance is seen as a chance for the South Korean company, LG’s chief executive Nam Yong said, “Yes, we’ll increase our market share sharply!” No direct answer, but you can clearly feel the point.
And while we do support LG’s efforts to grow it’s handset business — after all they keep releasing both low-end and some very interesting mid to high-end devices like Viewty and Venus — we would still like to see MOTO recovering. Its Q9 family of smartphones as well as the Z10 look promising, and who knows what else they’re working on at the moment (Z12?).
In the meantime, the world’s fifth-largest mobile phone maker (LG) holds 7.2% of the global mobile phone market and plans to sell 100 million units this year. Will they succeed? This “game” is getting more interesting every day. We’ll watch closely and report back to you…
[Via: Reuters]
What most people don’t realize is that MOTO is the sole maker of Sprint/Nextel direct connect units and Sprint has resently put major emphazes on the Nextel side of its business which translates into MOTO recovering no matter what idiots say