LG’s ‘Chocolate’ phone coming exclusively to Verizon Wireless
Jul 14, 2006
BASKING RIDGE, N.J.—Verizon Wireless will sell LG Electronics Co. Ltd.’s “Chocolate” phone, a stylish, black device that slides open and plays digital music. A picture of and information on the phone were posted on Verizon’s Web site. The site lists the sliding-style phone as “coming soon” and does not provide a selling price. The carrier did not release technical details of the phone other than to boast: “Part MP3 player. Part phone. Totally sweet.”
The site lists the phone as an exclusive for Verizon.
LG introduced its Chocolate phone in its home market of South Korea in November, and shortly thereafter expanded sales of the device to Europe. So far, LG said it has sold more than 1 million of the devices.
Analysts are predicting that LG will post lower handset sales when it announces its quarterly financials next week; the company is likely betting on continued strong sales of the Chocolate to boost its earnings.
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