South Korea’s LG Electronics launched its G Flex 2 device in Taiwan on Thursday, entering its third market with the curved screen flagship smartphone. Unveiled at the Consumer Electronics Show in January, the G Flex 2 is the successor to the 6-inch G Flex that was launched in October 2013. The G Flex 2 features a scratch-resistant and self-healing plastic design, which includes a flexible 5.5-inch plastic OLED full-HD display.
Top management at Samsung and LG technology affiliates say they will focus on boosting corporate profits in 2015 to keep their key businesses competitive. Samsung Electronics Vice Chairman Kwon Oh-hyun said Friday at the company’s annual shareholder meeting that the company planned to find new revenue sources by developing premium products and strengthening its technology leadership.
The head of a local cable TV group blamed the nation’s top three mobile carriers ― SK Telecom, KT and LG Uplus ― for excessive promotional campaigns to sell paid content with heavy discounts. “The local cable TV industry has been consistent in building a virtuous circulation ecosystem in content for broadcasters. Our industry-wide efforts, however, have been disturbed as telecom firms are pushing to increase the sale of their converged products below market price.
LG Group plan to invest 6.3 trillion won in hotly anticipated research and development (R&D) projects and new categories. In a statement, LG said that this estimated spending is regarded as the largest R&D investment ever made by the conglomerate. In 2014, LG spent 5.9 trillion won in research projects, while it spent 5.4 trillion won on R&D in 2013. “Our investment plan shows that LG’s investment in R&D has actually been accelerating, growing much faster than previous years,” said LG spokesman Terry Taekyung Lee, Thursday.
LG Uplus Vice Chairman Lee Sang-chul said it will beef up ties with global companies to develop the Internet of things (IoT) and next-generation mobile network services. He said that the key agendas of this year’s MWC were the next-generation network, LTE technology with higher speed and low interference; new IoT systems and the FinTech, the combination of telecom and financial industries.
Unlike Samsung Electronics and High Tech Computer (HTC) that unveiled their newest flagship smartphones at Mobile World Congress (MWC) 2015 in Barcelona, Spain, LG Electronics focused its exhibition on four new mid-range and entry-level models: the LG Magna, Spirit, Leon and Joy, and smartwatches: the LG Watch Urbane and Urbane LTE.
Although Sony Mobile Communications, LG Electronics, Motorola Mobility and Asustek Computer have launched Android Wear-based smartwatches, Samsung Electronics, HTC and some China-based makers are likely to release comparable models running on their own platforms initially, according to industry sources.
LG Electronics might release its new smartphone G4 in April, sources said Friday. “LG Electronics decided not to release the G4 at the Mobile World Congress (MWC) exhibition in Barcelona in March,” a source said. “It may release it in April.” The G3 was released on May 27 of last year. Another source said that from a marketing point of view the MWC was not the right place to show off the G4 because Samsung will unveil its Galaxy S6 there. He said LG will wait until it is fully ready.
LG Electronics said Thursday that its operating profit rose 28 percent to 2.7 billion won in the fourth quarter on the strong performance of its mobile phone business. Its sales came in at 15.3 trillion won, up 5 percent year-on-year. The fourth-quarter earnings report came a day after LG Electronics released its annual earnings numbers in compliance with a local rule that requires large firms to disclose results if there’s a change in profit or sales by 15 percent or more.
LG Group Chairman Koo Bon-moo and Chinese Vice Premier Wang Yang have agreed to bolster partnerships between LG and Chinese companies. In his meeting with Wang, Saturday, Koo expressed his thankfulness for Beijing’s support of LG’s business in the country and asked Wang to provide more of this in the future. They met at the Shilla Hotel in downtown Seoul. In response, Wang said China and Korea are important business partners in trade and expressed his hope that LG would contribute more to stronger China-Korea ties.
Apple’s iPhone is on a roll in a number of important Asian markets, according to a new report from Counterpoint Research (hat-tip to the Wall Street Journal for spotting this). The iPhone hit a record high sales market share in South Korea, accounting for 33 percent of monthly sales in the country in November. The stronger shipments of the iPhone in South Korea seem to have coincided with a big slip for Samsung:
Samsung Electronics will release an updated Galaxy Note 4 this week with the world’s fastest tri-band LTE-A wireless technology. A tri-band LTE-A wireless network is three times faster than the current LTE-A service, with download speeds of 300Mbps; meaning just 28 seconds will be needed to download a 1 GB movie. The release comes at a time when three domestic mobile carriers are embroiled in a dispute over SK Telecom’s claim that it has succeeded in offering the tri-band LTE-A service.
LG’s smartphones make quite an impression and the company is set to continue its line-up as we step into the New Year. With the upcoming CES 2015 event in January, smartphone makers are trying to set their benchmarks for the year and LG will do the same with a refreshed smartphone line-up. We haven’t heard anything directly from the South Korean tech giant, but popular chip maker Qualcomm has teased an image of what appears to be an LG G Flex sequel.
NEW DELHI: South Korean consumer electronics maker LG on Friday launched ‘The Great Indian Selfie’ campaign to create world’s largest online selfie canvas. With this first-of-its-kind initiative, LG Electronics India is eyeing to to enter into record books renowned in the world. “We aim to break some of the biggest selfie records in the world in this endeavor,” Amit Gujral, Marketing Head, LG Mobiles said and added that the initiative would allow people to be part of it.
HYDERABAD: India is inviting technology majors like Samsung and LG to set up manufacturing facilities in the country under ‘Make in India’ programme, said communications and information technology minister Ravi Shankar Prasad. “We are promoting all the big guns like Samsung and LG to come to India in a big way under ‘Make in India’ programme,” the minister said in his address at golden jubilee celebrations of Computer Society of India (CSI).
Huawei’s product and solution CTO Li Sanqi revealed that the company has reached a close cooperation with three major South Korean telecom companies, SK Telecom, KT, and LG Uplus, for the research and development of fifth-generation network services. During the closing ceremony of Startup Nations Summit 2014 held in Seoul, Li said that Huawei will work together with telecom service suppliers to develop a stable 5G network.
Samsung Electronics, Apple and LG Electronics ranked as the top-three smartphone vendors globally in the third quarter as well as the first three quarters of 2014, based on third-quarter reports released by individual vendors and data from makers in the supply chain, according to Digitimes Research. China-based vendors Huawei, Xiaomi Technology and Lenovo took the fourth, fifth and seventh positions, respectively, during the same period, Digitimes Research added.
LG Electronics is expected to increase its ODM smartphone orders to Taiwan-based production partner, Arima Communications, to 3-4 million units in 2015 compared to slightly over one million units in 2014, according to sources at Taiwan’s handset supply chain. LG resumes its cooperation with Taiwan-based ODMs in 2014 and has placed orders for two entry-level Android smartphones with Arima for shipments to emerging markets, including those in Southeast Asia, Latin America and Africa.
When Android 5 Lollipop started hitting Nexus devices, several manufacturers such as Motorola, HTC and Sony announced plans to add the update to their core lineup. LG remained quiet on the subject, but announced earlier today that it will be adding Android 5 Lollipop to the LG G3 by the end of next week.
LG Electronics has announced third-quarter consolidated revenues of KRW14.92 trillion (US$14.54 billion), an increase of 7.4% on year, and operating profit of KRW461.3 billion (US$449.61 million), more than double the figure from the same period a year ago. LG said its earnings reflected strong performance from its mobile business which saw record smartphone sales in the third quarter at 16.8 million units.