LG steps away from an annual release cycle for its phones

Share
LG steps away from an annual release cycle for its phones

While we found that LG particularly hit it out of the park with the V30 past year, the Korean company's smartphone division continues to report financial loses.

According to The Korean Herald, LG held a press conference during CES this year where Electronics Vice Chairman Cho Sung-jin said the company would no longer be sticking with a schedule for releasing phones.

LG is tipped to unveil its new G7 smartphone at Mobile World Congress next month. The executive further added that the plan is to retain existing models longer by unveiling more variants. Changing the strategy will "retain a good platform for a long time and concerns rise over the supply of lithium materials" as deemed important by the company. No wonder the company's mobile business has lost money for 11 straight quarters.

For the past 11 quarters, LG has reported negative results from its mobile division, though the loses declined previous year.

LG has historically released its flagship smartphone some time in the beginning of the year, usually around or at the time of MWC in Barcelona. Last year, LG did well on the budget phone category but not on the flagship category. It never confirmed the mobile business is down but we know it's not making any money. After all, it has been available South Korea since last June but has yet to leave the comforts of LG's home country. In the near future, it may even venture into robots and artificial intelligence. It also showcased OLED TVs with Alpha 9 chips that it developed, which improved the devices' resolution.

Share

Advertisement

Related Posts

PM Modi ranks third in global ratings of world top leaders
Shri Narendra Modi said that there was a lot of propaganda against India in the Western world that Swami Vivekananda proved wrong. He also said that the United States is actively looking to secure Nuclear Suppliers Group (NSG) membership for India.

Everything to Know about the College Football Playoff National Championship 2018
Although Georgia has some weapons on offense, all the attention will be focused on the defense, led by linebacker Roquan Smith . The game will be close, and it may just be a matter of two mistake-averse teams waiting the other out to see who blinks first.

Europe not underestimating Asia ahead of EurAsia Cup
Casey is part of the European team, led by Ryder Cup captain Thomas Bjorn, taking on Arjun Atwal's Asia in Malaysia this week. Yet, Europe, who are also preparing for the Ryder Cup against the USA later this year, were not willing to take Asia lightly.

Sevilla, United in ticket war
They have also said any extra revenue raised after refunding fans will be donated to the Manchester United Foundation. It's ridiculous that the situation has got to this point - particularly with fans on both sides now set to lose out.

Iran blocks encrypted messaging apps amid nationwide protests
The Iranian authorities have temporarily blocked access to two social media apps in the face of ongoing anti-government protests. But "the reality is that the ban affects everyday Iranians' ability to use a tool that could keep them safe", he said .

Ohio State rolls over No. 1 Michigan State, 80-64
The Wildcats have turned into pumpkins, losing two in a row and three of four games and sit 10-7 overall and 1-3 in the Big Ten. The loss was the Spartans' first since an 88-81 defeat at the hands of Duke on November 15 at the Champions Classic in Chicago.

LG OLED and Super UHD TVs will have Google Assistant
LG hasn't gone into details about the specs of the ThinQ Smart Speaker but we do know some bits and pieces. These innovative products include cell phones, flat screen TVs, laptop computers and home appliances.

Diego Costa Scores On His Return To Atletico Madrid
He appeared to injure his knee in the process and limped to the sidelines before returning to the pitch and completing the game. The second leg against third-tier Lleida Esportiu is on Tuesday, with Atletico hosting Getafe in the league on Saturday.

Samsung announces world's fastest 8GB HBM2 design
With its 2.4 Gbps data transfer speed per pin, it "should accelerate the expansion of supercomputing and the graphics card market".

What really happened when Mariah stole Meryl Streep's chair
Clarkson also had raves for Golden Globes host Seth Myers, saying that "if you don't watch Seth Meyers , you're stupid". I'll sit on your lap.' Because you know.it looked comfy". "B**** stole my seat", Streep joked.

© 2015 ExpressNewsline. All Rights reserved.