LG now considers the iPhone one of its largest competitors in the smartphone space, CEO Yong Nam said in a Washington presentation today. He dismisses both market leader Nokia and Sony Ericsson as rivals and instead says most of LG's energy is now focused on beating Apple, Palm and Research in Motion. The Korean company is now "investing heavily" in smartphones and is putting most of its focus on touchscreen devices like the Android-based Eve and multiple Windows Mobile phones.
