LG cuts phone targets by 24% as its smartphones struggle

Electronista - LG at a media briefing drastically lowered its cellphone targets as its smartphone sales failed to break through. Its overall target for cellphones in 2011 was dropping 24 percent from 150 million down to just 114 million. Smartphone aims were also going down even as they became more important, dropping a fifth from 30 million to 24 million.

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