LG: We're committed to the mobile market

LG Electronics sharply refuted a report from a South Korean publication that it was considering exiting the smartphone market, dismissing it as "completely false." The report, late last week from South Korean publication ET News, said that LG was shifting its resources away from the mobile business and toward TVs. "We are more committed than ever in making the LG brand a major player in the mobile space," LG said in a brief statement to media outlets. "And we think our products this year speak for themselves." LG told Mobile World Live that it challenged ET News on the story's facts and after the news outlet couldn't back up its claims, the article was removed from the ET News website. Indeed, the article in question is no longer accessible. LG sold 12 million smartphones in the third quarter, only down slightly from the record 12.1 million it had in the second quarter. The company sold 18.3 million total handsets (smartphones and feature phones) in the quarter, up from 16.2 million total handsets in the second quarter and 14 million handsets in the year-ago period. Article

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