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LG Witnesses SmartPhone Momentum in Optimus Series

March 14th, 2013

LG Optimus MobileLG Electronics is expected to surpass smartphone shipments of 10mn units in 1Q13F vs our previous expectation for 2Q13, thanks to stronger-than-expected smartphone momentum of LG Optimus Mobile Series.

The overall momentum should be strengthening into 2Q13F with expected 1) strong smartphone momentum, 2) improvement in TV profitability, and 3) strong seasonal appliance demand. For TV, LGE currently has the leading global technology in passive-type 3D, OLED, UD (Ultra-Definition). In particular, we expect LGE to launch a new TV line-up in March which we think should support margin improvement.

Given LGE’s technological leadership and shown capability to achieve product commercialisation ahead of its competitors

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