LG Mobile SmartPhone Sales beat Forecast
South Korean electronics Major, LG Electronics reported solid 1Q13 results and raised 2013 smartphone guidance to 45m (from 35m at the beginning of the year) are positive signals supporting our thesis that LGE’s smartphone business is on the rebound. LGE reported 10.3m smartphone shipment, slightly ahead of our 9.8m forecast, and confirmed that inventory remains … Read more