LG Group announced Tuesday that it projects record sales of nearly $136 billion in 2011. LG also stated that 2010 sales are estimated to come in at $123 billion, an impressive 13% improvement over 2009. LG’s 2011 sales projections would set a new record for the company, though its growth rate would slow to 11% year-over-year. Between its electronics, chemical and mobile businesses, LG Group anticipates that approximately 75% of its sales revenue will come from markets outside of South Korea, where the conglomerate is headquartered. It expects overseas sales to increase 18% in 2011, to $107.3 billion, and LG’s electronics units are projected to account for roughly 62% of its total revenue.


Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.