The global handset market continues to see consolidation as the market leaders -- Nokia, Motorola, and Samsung -- continue to put pressure on the smaller manufacturers. Industry insiders claim LG is losing market mommentum. Lehman Brothers recently downgraded the company, claiming that LG's handset sales in Asia are cooling down.
Many suggest that LG's sales are dwindling due to a lack of innovative new products. Analysts claim LG is suffering from the same kind of design malaise that plagued Nokia in the second half of 2003. Both Nokia and Motorola have proven that manufacturers can quickly gain market share with new, innovative handset designs. Motorola's Razr is now a case study for the power of innovative design.
For more on LG's need for flashier phones:
- read this article from TheStreet.com