LG Electronics Reports Sales Increase

LG Electronics seems to be doing rather well amidst the global economic turmoil, as it has announced its earnings for the first quarter of 2009. The company’s handset department reported a 23% increase in sales, going from KRW 3.2 trillion ($2.3b) to KRW 3.9 trillion ($2.8b). Sales increased despite a 7% year-over-year decline in handset shipments. LG will certainly be happy over the success of its Cookie, LG-KS360 and Viewty smartphones, which definitely had a part to plan in ensuring it’s good financial reports.