LG Electronics captures global CDMA market leadership

The digital electronics firm rose to the top spot for the first time according to a survey conducted by US market research agency Strategy Analytics (SA).

In addition, the digital electronics giant has been honoured by its peers after being selected to receive the 2003 3G CDMA Industry Award for Subscriber Technology Innovation.

According to the SA survey data, LGE supplied a total of 6 million mobile phones to the CDMA global market, posting 23% market share. It outperformed its nearest competitors which supplied 5.1 million units each to capture 19.6% market share. The figure posted by LGE in the 3rd quarter represents a 1.7 million unit increase compared to the 2nd quarter and a 62% growth compared to the same period last year.

"Camera-phones that LGE initially launched on the US market have become incredibly popular on the global market," said Mr. M. B. Shin, President, LG Electronics Middle East and Africa Operations.

During the third quarter 2003, LGE started to actively supply cell phones to major European GSM operators such as Vodafone, Orange and T-Mobile and to the USA's largest GSM operator, Cingular, thus reaping tremendous additional sales success in GSM markets. LGE likewise secured stable sales networks in CDMA markets such as China, India and Brazil helping to lift the Korean giant to the top spot.

LGE was selected by the CDMA Development Group (CDG) to receive the 2003 3G CDMA Industry Award for Subscriber Technology Innovation in recognition of its innovative CDMA2000 handsets.

"It is particularly gratifying to be honoured by our peers, colleagues and members of the wireless industry media and analyst communities," said Shin. "The award is testament to the dedication and creative talents of the LG Mobile Phones team and their hard work in making LG a driving force in the industry."

LGE's commitment to the advancement of 3G CDMA2000 technology was applauded by Perry LaForge Executive Director, CDG.

"We congratulate LG Mobile Phones for its continued innovation in offering consumers state-of-the-art CDMA devices," LaForge commented. "The CDMA community continues to lead the 3G market and we applaud LG Mobile Phones for its commitment to the advancement of 3G CDMA2000."