LG banks on LTE, quad-core speed to regain smartphone momentum

BARCELONA, Spain--LG is betting on LTE smartphones with quad-core processing and high-definition screens to help it jumpstart its handset business. At the company's media event at here at the Mobile World Congress trade show, LG executives talked about the company's LTE leadership.

Specifically, the company said that LG was the No. 2 largest LTE device maker in fourth quarter 2011 and that it is No. 1 in LTE patents, with patents valued at $7.9 billion. That LTE leadership, said LG, will help it differentiate itself from its competitors.

The company also showcased its three new Optimus L-branded smartphones and talked about its new design philosophy, the L Style. Although neither the L-branded smartphones nor the L-Style design philosophy were news (LG revealed the details of the devices and design philosophy in advance of Mobile World Congress), the company did note that it has already sold 1 million Optimus LTE smartphones globally.

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