The LG Revolution was the company’s first foray into the United States' LTE smartphone market place. The Revolution was released on Verizon Wireless in May of last year. The Revolution was Verizon’s third LTE capable smartphone following the HTC Thunderbolt and the Samsung Droid Charge.
LG has a total of ten LTE smartphones available in Korea, the United States, Japan and select markets in Europe and Asia; selection varies by market.
Sales of global LTE smartphones are expected to increase ten-fold this year from last year. With that in mind, we are planning to introduce an even more impressive LTE line-up in the next several months second to none.
- Dr. Jong-seok Park, President and CEO of LG Mobile Communications Company
With two million sales, the Optimus LTE is LG’s most popular LTE smartphone. In May, LG released the industry’s first 2GB RAM LTE smartphone - the Optimus LTE II. LG saw quickly increasing sales with the Optimus LTE II, as this device sold half a million units in its first 70 days. The smartphone to watch is the Optimus Vu, which has sold over 500,000 units since March. LG is currently preparing for the Optimus Vu’s global roll-out. The LG Optimus Vu should be available on Verizon Wireless in the fourth quarter of this year.
According to both Jefferies and Company and TechIPM, LG holds the most LTE patents in the United States and worldwide.
