LG Electronics said its mobile communications unit recorded a 7% year-on-year fall in sales to 4.2 trillion Korean won (3.6 billion US dollars) in the fourth quarter of 2009. Handset revenues were 3.9 trillion won (3.3 billion US dollars), a 5% decline from the same quarter in 2008, despite a 32% increase in unit shipments to 33.9 million units.
In the whole of 2009, LG said it shipped 117.9 million units versus 100.7 million units in 2008 due to robust growth in North America, Europe and emerging markets. For 2010, LG said it is targeting a 19 percent increase in unit sales to 140 million, "focusing on the exploding smartphone category and differentiation in content and services." source: LG statement
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