A Tale Of Success: The History Of Lg Phones

LG phones are some of the most recognized and revered cell phone varieties on the market today

. The LG phone sector has grown over the years from very humble beginnings to become a major player on the world cell phone stage. The story of the rise of LG phones from a little known electronics company to the household name it is known as today is a very interesting one; and one that epitomizes the drive and effort required to make success a reality.

The LG phones organization was initially founded in 1958 as GoldStar, which created wireless radios, televisions, refrigerators and air conditioning units. The LG team was a merging of two South Korean organizations, Lucky and GoldStar, from which the acronym of LG was created. The present "Life's Good" catchphrase is a backronym, meaning it was divulged after the company name. Before the business name has been changed to LG, family items were marketed under the organization name of Lucky and electronic appliances were marketed under the organization name of GoldStar. The name change occurred in 1995 and this had only a positive impact on the company, with forays into a number of electronics markets following.

The first LG phone was released in 1997 and, since then, great improvements have been made in the sector. In 2001, LG phones began exporting to numerous nations, including Russia, Italy and Indonesia. This increase in global market share coincided with LG phones claiming market leadership in the Australian CDMA cell phone market. These impressive achievements inspired a new generation of LG phones which we see in full force on the market today.

The LG phone company is currently the third biggest mobile phone brand in the world. LG said it expects and is hoping for a significant improvement in cell phone sales in the coming year, with the release of a multitude of new cell phones. They hope to increase LG phone sales to over 140 million, with 2010 figures coming in at 116.7 million, the 2011 figures have yet to be released. LG phones hope to continue to build on these figures and become the second highest global market share holder by the end of this year.

The history of LG phones is both fascinating and inspiring. The way the company has continued to build over the years in spite of economic downturns is a credit to its managers and officials. LG phones hope to continue this good fortune into the future and, at this rate, there is no doubting that they will.

by: Erin

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