The LG mobile should also strive to have better products that can be compared to bigger names in the industry like the Apple Inc. products. This will enable the company to cater for the select premium end of the market such that they are left with no option but to run to Apple products for such mobile phones. This premium end of the market product will give the LG mobile a global appeal and open more markets for their products as compared to the current situation where their products are only compared to Samsung which is also fro Korea.
There are several outcomes that can be expected if the above are effectively executed. Bearing that India is the 5th largest economy in the world, LG is bound to conquer the market that will offer vast possibilities in the...
If the company is able to effectively cover the Indian market it will then be selling to one of the leading markets in the world. India's middle class should be the target of the company apart from other markets in the world. This is bearing the fact that the middle class in India has been noted to be fueling the economy and the disposable income is pegged at 8.5% annual growth and the trend is expected to remain steady till 2015, making a good market niche for the mobile phone.
LG mobile is also expected to be able to compete with the other global players like Apple and not just be compared to Samsung. This is bearing the fact that LG is capable of having premium brands just like Apple does and offer them at a comparatively lower price.
