LG to Boost Smartphone Sales 52% in Shift From Basic Handsets
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LG Electronics Inc. intends to boost smartphone shipments 52 percent this year after a shift away from basic devices ended a streak of two straight annual losses at its phone-making division.
The company plans to sell 40 million smartphones this year, helped by rising demand in emerging markets, Park Jong Seok, head of its mobile-communications division, said ahead of the Mobile World Congress, which starts today in Barcelona. LG sold 26.3 million smartphones last year and 20.2 million in 2011.