According to research data from Strategy Analytics a strong portfolio of phones helped LG Electronics grow at almost four times the annual industry average in the first quarter, while Samsung Electronics expanded at twice the rate the research showed.
The big problem for LG will be the roll out on July 11th of the new Apple 3G iPhone which the experts say will dent their sales and profit margins later this year.
Yankee Group analyst John Jackson told the Guardian newspaper "You don't need an analyst to tell you that a low subsidised price for the most-anticipated gadget ever is going to move huge amounts of iPhones in the finite number of channels through which they'll sell. It will hurt the Koreans in key high-end segments."
One of the new phones set to be rolled out in Australia this week is the new LG Secret which the Korean Company is positioning as a competitor to the iPhone.
Frost & Sullivan analyst Daniel Longfield estimates Samsung and LG's iPhone lookalikes could suffer up to a 20 percent fall in sales volumes competing head-to-head with Apple's device.
"If a carrier sells both the iPhone and Samsung or LG's models, you would expect a solid 10-20 percent decline in those model sales," Longfield said.
