LG Overtakes Siemens in Global Cell Phone Market Jan 28, 2005

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Siemens slipped to fifth place in the cell phone global rankings as LG Electronics posted strong sales of 13.9 million handsets last quarter, according to a report from Mobiledia.com, an online resource on the cell phone industryl.

The report says that LG has been steadily gaining ground in the marketplace, overtaking Japanese-Swedish joint venture Sony Ericsson in 2003.

Primarily a manufacturer of entry-level products, it now places fourth, behind fellow Korean manufacturer Samsung, which slipped into third following strong Motorola sales, the report said.

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