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LG CHOCOLATE HANDSETS TO FORAY INTO CHINA

AsiaInfo Services, March, 2006

AsiaInfo Services 03-27-2006 LG Chocolate Handsets to Foray into China BEIJING, Mar 27, 2006 (SinoCast via COMTEX) -- LG is going to launch its red and black Chocolate mobile phones into China market in the first half of the year, revealed the South Korean handset maker on March 23, making China the first overseas market for such a new model. LG has sold 300,000 units since it launched the mobile phone at home last December.

The model once created record sales of 4,000 a day, said a source with the company. Behind the move by LG is its intention of snatching more market share in GSM market, according to an analyst. Though it is the world's leading force in CDMA market, LG has never surrendered share in GSM market, especially in China. However, Nokia,...

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