LG will continue this year with two high-end smartphones

Jan

27

2016

LG will release this year, two high-end smartphones. Has announced that the manufacturer at the presentation of its quarterly results. Previously confirmed the South Korean company to make all of the G5 in a month for the first time in telecom exhibition Mobile World Congress.

LG did not give specific details about the high-end models, during the presentation of the quarterly results Tuesday morning. The manufacturer expects a lot of competition in the high-end market of the anticipated premium models from competitors. ” This LG presumably referring to his South Korean rival Samsung. Samsung was rumored at Mobile World Congress also show a high-end model, the suspected Galaxy S7.

In 2015, LG has shipped a total of 59.7 million smartphones, a fraction more than the 59.1 million in 2014. In the last three months, when the V10 came out, gave the South Korean manufacturer 15.7 million smartphones.

The TV branch experienced a difficult year. Although revenue from TVs by the end of the year increased compared to the previous period, it decreased compared to the end of 2014. LG blames that on a lower demand in the TV market and unfavorable exchange rates.

LG calls in 2015 for the entire conglomerate a ‘challenging’ year. Revenue fell slightly, from 59 trillion won, converted currently around 45 billion euros, to 56.5 trillion won. Operating income for the year also declined slightly. Also thanks to the Home Entertainment branch was the last quarter or more positive, with slight increases in sales and operating profit

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