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LG follows Nokia's earnings success

Chris Ziegler

Nokia isn't the only manufacturer going the opposite direction of Motorola at the moment. LG managed to ship 23.7 million phones in the fourth quarter of 2007, a 40 percent improvement over the same period in 2006; following a trends across the industry, though, its revenue was up considerably less -- a mere 12 percent -- thanks to freefalling handset prices worldwide. The company says that a healthy portion of its success can be attributed to the good fortunes it has seen with Verizon's Venus and Voyager and with the Viewty throughout Europe. Things are looking good for 2008, too -- LG predicts that it'll ship a whopping 100 million handsets throughout the year, which if true would represent a 25 percent increase over 2007's numbers. As it stands, LG slides in with 7.1 percent of the global phone market share, slotting it fifth among the top five manufacturers (nothing new there) and about 2 percent behind number four, Sony Ericsson. Best of luck in the new year, dudes.

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