DigiTimes: LG aims to double both its sales and profits by 2010 by leveraging the strengths of its digital communication, home appliance, media and display business units, according to the company. The company listed sales of of US$34.7 billion in 2005 and US$43.1 billion in 2006.
In 2006, the company’s four business units will account for 28%, 26%, 14% and 32%, respectively, of its overall sales, LGE said.
In 2005, the maker shipped 5.5 million handsets, which generated sales of US$9.9 billion, to rank fourth in the global market. LGE’s digital media segment, including home theatre systems, MP3 players and DVD players, generated sales of US$5.7 billion, with the home theatre segment accounting for 16% of the global market.
Also, LGE’s home appliance unit generated sales of US$10 billion, the maker indicated.