LG Reduces Smartphone Sales Forecast For 2011

Despite Korean manufacturer LG pledging to release a swathe of strong smartphones this year, they have still seen fit to reduce their forecast of sales of clever devices in 2011 from 30 million to a somewhat more conservative 24 million…

The same slashing of predictions has been seen in LG’s overall sales forecast in the mobile sector from a healthy 150 million down to 114 million.

The reasoning behind these declines? The ever-marching competition.

“Our overall performance is gradually improving…but it’s difficult to give a precise prediction when our business will turn around due to a fast changing external market environment,” Park Jong-Seok, head of LG’s handset division, was quoted as saying.

Whilst the LG Optimus 3D has courted much early interest in terms of popularity due to embracing glasses-free 3D tech in its display, the tougher sell of dual core devices saw expensive gambles like the LG Optimus Black and LG Optimus 2X fail to capture the attention of the mass market.

Let’s just hope that consumer interest in 3D mobile technology isn’t on the same decline as the need to don shades in darkened cinemas…

Source: TechDigest

Tags: LG, Optimus 2X, optimus 3d, Optimus Black, Smartphones