This document discusses Generation Y consumers. Some key points: - Generation Y refers to those born between 1982-2000 who are currently between ages 2-20. They grew up with technology and are very comfortable with digital media. - Generation Y is an important target market as they account for 16% of the population. They are trendsetters who influence other generations. - Generation Y has different characteristics than older generations - they are more open-minded, value social media/networking, and expect brands to understand their preferences. - LG analyzed Generation Y to develop their LG Cyon Crystal smartphone specifically for this demographic's tastes in terms of design, features, and marketing strategy.