Electronics giant LG has reportedly stated that it aims to increase its share of the mobile phones market across the globe significantly over the course of this year, benefiting from the decline of other mobile phone giants.

LG has become a respected name in the world of mobile phones across the world, and this South Korean based electronics giant has high hopes for this year when it comes to global mobile phone sales according to a recent report. LG is said to be hoping to increase its share of the mobile market globally by a significant levels, and with the decline that has been seen with some other mobile phone manufacturers the task may be easier than imagined.

Reports claim that LG is aiming to increase its global market share of the mobile phone sector by around twenty percent over the course of this year. The electronics giant is looking to bring out around twenty smart phones over the course of this year, and hopes that it will sell around one hundred and forty million mobile phones this year compared to the projection of one hundred and seventeen million sales for last year.

At present LG is already enjoying being in third place when it comes to the mobile phones market, with only Nokia and Samsung ahead of it. If it continues to clock up healthy sales and with the release of new smart phones, which continue to increase in popularity, it could see its position in the mobile phone sector improve further.

Some mobile phone giants such as Motorola and Sony Ericsson are said to have seen a decline over the past year, and this is something that could also benefit LG, which could actually see increased success on the back of the decline of other providers.

Source – Global Telecoms Business