LG Electronics (LGEAF.PK) slashes its target for FY11 handset sales to 114M from 150M in the...

|About: LG Electronics Inc. (LGEAF)|By:, SA News Editor

LG Electronics (LGEAF.PK) slashes its target for FY11 handset sales to 114M from 150M in the face of difficulties keeping up with competitors. An analysts calls the outlook "brutal" for LG, as Nokia (NOK), Samsung (SSNLF.PK) and Blackberry-maker RIM (RIMM) continue cut-throat pricing to grab market share.