LG betting on upgrades to colour phone

Posted on | January 28, 2006 |

LG has set itself an ambitious growth target of 300% in 2006 by focusing on the upgrade market.

LG launched itself in the Indian market by supplying CDMA phones to Reliance Infocomm and becoming numero uno in that segment. But its share in the GSM segment is miniscule. Unlike CDMA, GSM phone manufacturers are not dependent on operators alone for their sales.

Where the GSM segment is concerned, it is aiming to increase sales of its handsets from 4,50,00 in 2005 to 1.5 million units in 2006 and take its turnover from Rs 200 crore in 2005 to Rs 600 crore in 2006. The company has set a total turnover target of Rs 9,000 crore during the same period.

“The future of GSM lies in the upgrade market,

Category: Phones

Comments

Leave a Reply

Name (required)

Email Address(required)

Website

Comments