LG Mobile Phones has rapidly climbed from newcomer to fierce competitor, now ranked third in the U.S. among handset manufacturers and claiming 19 percent of the U.S. CDMA handset market in 2002, according to Strategy Analytics. Strategy Analytics also stated that LGE supplied 5.6 million CDMA and GSM mobile phones worldwide and captured 5.2 percent market share, subsequently outperforming Sony Ericsson, which supplied 5.2 million units and captured five percent market share.">