LG Electronics Overtakes Siemens For No. 4 Spot

By Allen Tsai | Thu Jan 27, 2005 6:56 am

Siemens slipped to fifth place in the cell phone global rankings as LG Electronics posted strong sales of 13.9 million handsets last quarter.

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The news comes amidst growing concern regarding Siemens' mobile phone division; struggling financially and rumored to be seeking joint venture partnerships.

Aspiring to be a top three player, LG has been steadily gaining ground, overtaking Japanese-Swedish joint venture Sony Ericsson in 2003. Primarily a manufacturer of entry-level products, it now places fourth, behind fellow Korean manufacturer Samsung, which slipped into third following strong Motorola sales.

Posted In: LG (183) | Reports (624) | Siemens (28)

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