LG eyes smartphone growth as Samsung targets tablets

Samsung LG Growth 2013

As the high-end smartphone market begins to slow following a period of breakneck growth, the companies that drove much of that growth are starting to broaden their strategies. Apple (AAPL) is eyeing emerging markets, while Samsung (005930) is looking to boost its enterprise presence while also increasing tablet sales. Samsung Mobile EVP Y.H. Lee recently told CNET that the company hopes to double tablet shipments in 2013 to about to about 40 million units. The 40 million-unit mark is also being eyed by LG (066570), which told The Wall Street Journal it hopes to cross that threshold with smartphone sales this year, representing 51% growth over 2012. “The market is saturated, but with good products, [we] can take away others’ share,” LG’s mobile boss Park Jong-seok said.

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