LG Electronics announced that it reached a new milestone with global sales of five million LTE smartphones to date.

After reaching sales of four million LTE smartphones last month, an additional one million smartphones were sold in the month of July - one LTE smartphone roughly every two and a half seconds.

LG released the first LTE smartphone "RevolutionT by LG" in the U.S. in May of last year through the largest carrier Verizon Wireless and expanded its LTE target markets with its global LTE smartphones.

Currently, more than ten LG LTE smartphones are available in countries where LTE service is available, including Korea, U.S., Japan and select markets in Europe and Asia.

Although Optimus LTE takes the title of the most popular LTE smartphone from LG with two million in sales, Optimus Vu: has sold over 500,000 units since March. And with the release of the first 2GB RAM LTE smartphone Optimus LTE II in May, LG saw the fastest sales among all LTE smartphones with this device reaching half a million units in the first 70 days.

"Sales of global LTE smartphones are expected to increase ten-fold this year from last year," said Dr. Jong-seok Park, President and CEO of LG Mobile Communications Company. "With that in mind, we are planning to introduce an even more impressive LTE line-up in the next several months second to none."