LG intends to significantly grow its market share in the Indian smartphone market. The company plans to at least double its share this year by going from 5% to upwards of 10%. Emerging countries such as India have become incredibly important for both Western and Eastern smartphone companies.
If LG can get a greater market share in India, the company could see a significant growth in sales over the next few years. The Indian subcontinent is likely to double its smartphone shipments in the next 5 years. |