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.

Related Articles:
LG unveils new smartphone design philosophy--and smartphones--ahead of MWC
LG pushes handset unit back to profit in Q4
LG sold 1M Optimus LTE smartphones globally
MetroPCS launches two LTE smartphones from LG, Samsung
LG to spend more than 50% of capex on handsets next year
LG to raise $940M to shore up handset biz