South Korean electronics giant LG has reported an all-time sales record for the second quarter of 2009.
Speaking to the Wall Street Journal, the company put its increased sales - despite the declining global economy - down to shifting a record number of mobile handsets.
Explaining its sales and promotion technique, LG reveals that it employs an executive for every one of its 50 or so different handsets, thereby ensuring it can adjust quickly to market demands while spreading the load of responsibilities more efficiently.
The company, which is the world's third-largest handset manufacturer, sold an impressive 29.8 2 million phones in the second quarter - a 7.8 per cent increase year on year.
LG was careful to point out that it expects the mobile phone market to fall by 6 per cent in the third quarter, however, though it still expects to see growth along the high end smartphone devices.
Top Stories
News
10 hours, 33 minutes ago
Niantic celebrate Earth Day success with 3.4 million players taking part
Feature
May 16th, 2024
Behind the scenes: How adding sandwich offers to an idle merge game boosted three metrics at once
as
Feature
May 16th, 2024
Honor of Kings set for June 20th global launch after $15 billion+ revenue in China
Feature
May 14th, 2024
Matej Lančarič's Squad Busters deep dive: Under the skin of 2024's biggest launch yet
Events
Valencia Indie Summit 2024 | Europe | May 16th |
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
Morocco Gaming Expo | Africa | May 24th |
MomoCon 2024 | North America | May 24th |