LG sales jump in Africa and the Middle East
LG is having a stellar year in both Africa and the Middle East thanks to their flat-panel business. The company experienced a 217% growth in that segment which helped lead the way to a 20% overall increase in total sales. Even though the overall increase of 20% is great and all, they were expecting a 30% gain. LG is a major player in both of the regions and control 58% of the plasma market. This increase is thanks to the thriving global economy that has lead to the rise of middle and high-income classes.
