With quarter after quarter of record breaking profits, Samsung continues to be the top seller of Android smartphones on the planet. Even though they’ve had some issues in the patent department with the likes of Apple, that hasn’t seemed to slow down their popularity and sales one bit.
Looking at an update from Samsung Securities, the company is seeing LG Electronics as a great investment and recommending investors to “BUY”. Sounds like a pretty bold statement if you ask me. The update went on to say that they expect LG to make a turnaround in the smartphone business and establish themselves as the third largest smartphone maker thanks to producing “better quality products than its rivals”, beating others on cost, and expanding their global business.
Plus, considering that LG is rumored to be among the manufacturers coming out with a Nexus phone, that’s sure to definitely bump up their sales a little bit. Currently, LG only has 4 percent of the smartphone market, but Samsung Securities expect that they’ll grow to take 5.8 percent of the smartphone market.
While that doesn’t sound like a lot, when you factor in Millions upon Millions of phones, a 1.8 percent increase is pretty good. In the meantime, we’ll keep our eyes and ears open and see just how great their upcoming phone/phones will be.