LG forecast on Thursday its smartphone sales would reach 24 million units this year, down from its previous target of more than 30 million units, while its overall handset target was slashed by a quarter to 114 million units from 150 million units.
LG is likely to report a fifth consecutive quarterly loss from handset sales in the April-June quarter because it has failed to introduce products to challenge Apple and Samsung and due to weakening demand growth for feature-packed handsets.
LG's rival Samsung is expected to sell at least 19 million smartphones in the second quarter and easily beat its 2011 smartphone target of 60 million units, helped by solid sales of a new version of its Galaxy S.
LG hopes that its new Optimus 3D smartphone will sell 1.7 million units this year. The Android smartphone is based on a Texas Instruments OMAP mobile processor and comes preloaded 3D games. The company is betting the 3D smartphone will help it expand into the portable gaming hardware market.
The three first included S-3D games are Asphalt 6: Adrenaline, N.O.V.A. -- Near Orbit Vanguard Alliance and Let's Golf! 2. Fourteen additional Gameloft S-3D games will be available for download via the 3D Games icon on the LG Optimus 3D. Titles such as: Assassin's Creed: Altar's Chronicles, James Cameron's Avatar, Ultimate Spider Man: Total Mayhem, GT Racing: Motor Academy, Shrek Kart, Modern Combat 2: Black Pegasus, Real Football 2011, Star Battalion, N.O.V.A. 2 -- Near Orbit Vanguard Alliance, Dungeon Hunter 2, Fishing Kings, BackStab, Eternal Legacy and Shadow Guardian will be offered to Optimus 3D owners at half price for the first three months. Archer Craft, an LG produced S-3D game, will also be available as a free download.