LG’s First-Mover Advantage May Not Last

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LG Electronics announced in end-May that global sales of its LTE smartphones have reached 3mn units, which positioned the firm among the frontrunners in the nascent LTE market. While this should provided a much-needed boost to the South Korean manufacturer’s stuttering mobile business, the competitive landscape will quickly intensify as the global LTE industry matures and rival handset makers ramp up their LTE device portfolio.