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LG Electronics has outrun its rival, Samsung Electronics, clinching the largest global market share for both CDMA (Code Division Multiple Access) mobile phone and TFT-LCD (Thin Film Transistor-Liquid Crystal Display) market in the third quarter of this year, a U.S. market survey firm said Wednesday.
Strategy Analytics (SA) said that of the 26 million CDMA cell phones sold globally in the third quarter, LG Electronics sold about 6 million sets for the largest share of the global market, 23 percent, outdistancing its rivals Samsung Electronics and Motorola, both of which sold 5 million. It is the first time that LG has taken the lead in the CDMA mobile phone market.
According to SA, LG Electronics' sale of cell phones in the third quarter jumped by 1.7 million from sales in the second quarter, and a staggering 62 percent increase from the same period last year.
An executive of LG Electronics said the firm's sharp increase in CDMA phone sales was attributed to strong sales in China, India and Brazil, in addition to releasing its popular camera-phones in the United States early this year.
Counting European-style GSM mobile phones, however, Samsung Electronics¡¯s global market share is still ahead of LG¡¯s.
LG.Philips LCD, the joint venture between LG Electronics and the Dutch firm Philips, also occupied the largest share of the world market for LCDs over 10 inches, for the fourth straight quarter.
Meanwhile, Display Research, another market survey firm in the United States, said that during the third quarter, LG.Philips LCD held the largest 21.5 percent of the global market. Samsung followed LG, with 20 percent.
(Choi Hong-seop, hschoi@chosun.com )
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