LG's Q4 handset results improve, to launch 5 inch LTE phablet in 2012

As LG seeks to turnaround its handset business, last quarter has brought some positives for the company. In an interview with Reuters,LG’s mobile business head Park Jong-seok stated that LG saw results improving “a lot” in the fourth quarter thanks to solid sales of its Optimus LTE model, which went on sale in early October.
The strategy solidifies LG’s shift from entry-level cellphones to more sophisticated and expensive handsets. “A couple years ago, we were known as a feature phone company,” acknowledged Dr. Jong-seok Park, the President and Chief Executive of LG Electronics‘ Mobile Communications division, in an interview at the Consumer Electronics Show (CES). “Last year, we quickly switched to being a smartphone company.”..............
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