Tatiana Dementieva
In order to accelerate the sales by 100% and enter the world's TOP3 vendors of mobile devices, LG Electronics is ready to expand its product line in the near future. Also the company keeps in mind all the latest trends in the industry, including portable devices.
This means the company is planning to introduce the so-called smart watches in the near future. LG hopes that the new device will be able to compete with similar portable devices manufactured by other tech giants.
The representatives of the South-Korean company claim that the global market of smartphones is going to boost by 10%-15% this year.
Last year, LG Electronics shipped some 47,7 million mobile devices, which is 81% more than the figures seen the year before. Still, even such outstanding performance failed to save the company from losses. In particular, LG lost over 40 million dollars in Q3 2013. So, the vendor is planning to improve its financial performance at the expense of a broader product line.
Even in advance of MWC 2014, LG introduced two new devices of the G series as well as another representatives of the LIII series along with new functions available in those new smartphones.
Meanwhile, LG's stock is trading around $11,90 per share. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of LPL:
Tatiana Dementieva
