Pantech, LG Vie for Runner-Up Spot in LTE Smartphone Market

      June 01, 2012 12:48

      Pantech and LG Electronics are competing fiercely for second place in Korea's 4G long-term evolution (LTE) phone market.

      Pantech sold some 210,000 units of its flagship Vega Racer 2 since it was launched on May 11. Citing data released by market research firm Gartner, the phone maker said it took second place in the overall domestic smartphone market with a 20.5 percent share in the first quarter.

      Pantech hopes it can consolidate its position in the LTE market with its new model, which supports Korean-language voice recognition and delivers up to 9.5 hours of talk time per battery charge.

      Meanwhile, LG said it has sold 150,000 units of its Optimus LTE 2 since its launch on May 21. Despite the fact that the Vega Racer 2 has sold 60,000 more units so far, overall sales figures are not dissimilar because Pantech had a 10-day head start.

      "In fact, LG has gained the edge in the LTE market," said an employee at LG. The company claims its new phone has the fastest data-processing speed among all local models.

      However, neither hold a candle to sales of Samsung's Galaxy Note, which hit the market last November. Some 2.5 million units were sold in the last six months, making it the top-selling LTE smartphone in the domestic market.

      "The Note is proving hugely popular, grabbing about 50 percent of the domestic LTE market for the month of April," said a Samsung staffer.

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