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LG announces 10 million LTE smartphones sold worldwide

It's been roughly two years since LG began its role in the LTE Revolution, but the company has just crossed an important milestone in its pursuit. Today, LG revealed that it's now sold 10 million LTE smartphones, which is double the number we last saw in August. Despite the lengthy amount of time it's taken LG to achieve this 10 million figure, the news comes at an interesting juncture, as the company's now ramping up distribution of its halo device, the Optimus G. Similarly, both the Optimus F7 and F5 are due later this year, which will be aimed at those seeking 4G on a budget. Will we see an uptick in LG's sales of LTE smartphones? We certainly hope so, but our Magic 8-Ball's currently broken. That said, you'll find the full announcement after the break.

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LG Expands LTE Market with Compelling Lineup Targeting Diverse Range of Consumer Needs

SEOUL, Mar. 3, 2013 -- LG Electronics (LG) reports that it has sold more than 10 million LTE smartphones worldwide, a result of the company's aggressive push into 4G markets with a combination of the best hardware and advanced 4G LTE technologies.
"Aggressive pushing forward with 4G LTE technology allows LG satisfy the needs of consumers and is a huge factor in our growing success in global LTE smartphone sales," said Dr. Jong-seok Park, President and CEO of the LG Mobile Communications Company. "Having established ourselves as a major industry player, we will continue to expand our footprint in the global LTE market with a wider range of differentiated, high quality LTE smartphones."

LG's success in expanding its presence in this segment is a result of its early entry into the LTE market and its leadership in LTE research and development. Last year, LG launched popular LTE smartphones in significant markets such as the United States, Japan, Germany and South Korea. In recent weeks, the company began a global rollout of its LG Optimus G in an additional 50 countries.

According to Strategic Analytics, global shipments of LTE smartphones are expected to drastically increase to 275 million units this year. LG is aiming to double its LTE smartphone penetration this year, expanding its presence in both established and emerging markets with a variety of devices. New for 2013, LG's Optimus F series will deliver a high-speed experience to users transitioning from 3G to 4G LTE networks in countries around the world.