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LG's Share in U.S. Smartphone Market Hit Record High

May 08, 2017 07:02|May 08, 2017 07:02
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LG Electronics is making great strides in the U.S. smartphone market.

According to market research firm Strategy Analytics on May 7, LG Electronics sold 7.3 million smartphones in the U.S. market in the first quarter of this year, gaining a share of 20.0 percent, up about 3 percentage points from 17.1 percent a year ago.


This figure represents the largest market share that LG achieved in the U.S. smartphone market. The share was achieved even before LG released its brand-new flagship model G6.


This is the first time for LG Electronics to grab a 20-percent market share in the United States. LG is estimated to have solidified its No. 3 position behind Apple (34.5%) and Samsung Electronics (24.6%). LG widened its lead over No. 4 player ZTE (6.7%).


In the North American market including America and Canada, LG Electronics obtained a share of 19.6 percent by selling 7.6 million smartphones, the highest in its history. The surge in LG's market share is attributable to the brisk sales of its premium phone V20 and the rising popularity of its mid- and low-price lineups, including the K series and X series.