LG (066570) on Thursday revealed that more than 100 people have preordered its new 55-inch OLED HDTV in the past six weeks, Reuters reported. Organic light-emitting diode (OLED) technology is seen as the future of high-definition displays and is expected to replace traditional liquid-crystal display (LCD) TVs in the coming years, however LG’s OLED models costs up to five times more than comparable LCD flat-screens. LG is looking to turn its TV business around in 2013 and is aiming to increase flat-panel TV shipments by 15%. The company’s next-generation 55-inch OLED HDTV will be available starting Monday for $10,000.
LG (066570) on Wednesday confirmed the much-rumored Optimus G Pro smartphone. The company revealed that the handset, which looks awfully similar to Samsung’s (005930) Galaxy Note II, will be equipped with a 5.5-inch full HD 1080p display and a quad-core processor. LG also highlighted the use of curved class on the phone, which it said gives the handset a “2.5D” effect. Earlier rumors suggested that the device may also include a 3,140 mAh battery, 2GB of RAM, 4G LTE connectivity, 32GB of internal storage, a microSD card and a 13-megapixel rear camera. LG said that the Optimus G Pro is will launch in some markets by the end of February.
Samsung’s (005930) list of enemies is getting shorter. The company on Tuesday decided to drop an injunction that sought to block LG Display (LPL) from using its OLED technology, the Yonahap News Agency reported. Samsung filed suit against LG after its South Korean rival was accused of stealing its advanced OLED TV display technology. In December, LG fired back with a lawsuit of its own that sought to ban sales of the Galaxy Note 10.1 tablet. While the two companies are still involved in litigation over display technology, Samsung’s withdrawal of its injunction request is seen as a move toward resolve the companies’ differences. Earlier reports indicated that executives from both companies are looking to settle the patent disputes behind closed doors.
It has been widely reported that Apple (AAPL) is interested in releasing a high-definition television that would potentially revolutionize the market. The so-called “iTV“ is rumored to feature an aluminum build, Siri functionality, FaceTime video calling, and more. Although nothing has been confirmed, Apple’s most recent hire suggests that the company is at least toying with the idea of releasing an HDTV. More →
LG (066570) has found new life with its flagship Optimus G smartphone. The popular handset has been selling well across the globe and even spawned a larger and more powerful successor earlier this year for the Japanese market, known as the Optimus G Pro. It appears that LG isn’t done tweaking its Optimus G line of devices, however. More →
The heads of both Samsung (005930) and LG (066570) have decided to resolve their recent patent dispute behind closed doors, according to the Yonhap News Agency. Shortly after LG employees were charged with stealing advanced OLED display technology from Samsung, the company filed a lawsuit against its South Korean rival. Things escalated quickly and LG fired back with a lawsuit of its own. Unlike the patent battle with Apple that seems to never end, however, Samsung and LG are looking to settle their differences right off the back. Samsung Display chief executive Kim Ki-nam revealed that the companies plan to “resolve the issue one by one,” although he failed to give specific details.
Despite the ongoing supply chain issues and inability to keep up with demand, Google (GOOG) and LG (066570) may be preparing to launch a white Nexus 4. The smartphone will likely be identical to the current black model and feature a 4.7-inch HD display, 1.5GHz quad-core Snapdragon S4 Pro processor and 8-megapixel rear camera. Vietnamese tech blog Tinhte posted a full gallery of the purported white Nexus 4 on Wednesday that show just how beautiful the rumored smartphone could be. The Nexus 4 is available in 8GB and 16GB storage capacities for $299 or $349 from the Play Store. Neither Google nor LG have confirmed the upcoming launch of a white model, however, and it is unclear if it will ever be available for purchase. Additional images follow below. More →
For the past year, the only company that has consistently made money selling Android smartphones has been Samsung (005930). However, things are looking up for rival electronics manufacturer LG (066570), whose mobile business last quarter recorded revenues of $2.58 billion, a 15% increase from the previous quarter. The Next Web notes that LG’s mobile business also “notched a 23 percent quarter-on-quarter increase in smartphones shipments, which hit 7.6 million over the three-month period” and were led by its high-profile Optimus G and Nexus 4 models. While LG overall was unprofitable on the quarter, the fact that the company has seen a noticeable uptick in its mobile business suggests that its effort to ramp up its smartphone sales with high-end devices is off to a good start.
Google’s (GOOG) flagship Nexus 4 smartphone has remained out of stock since it first launched. Executives from LG, the smartphone’s manufacturer, and Google have pointed fingers at one another and claimed the demand caught them off guard. With a carrier-unlocked price starting at $299, however, what did they expect? During the company’s earnings call on Tuesday, Google CEO Larry Page addressed the smartphone’s supply woes, Phandroid reported. While he didn’t get into specifics, Page said it is a priority to fix the Nexus 4′s supply constraints. It is unclear just how much Google can actually do to help LG (006570) and Samsung (005930), the manufacturer of the Nexus 10 tablet, to manufacturer more devices, though.
LG (066570) and Japanese carrier partner NTT DoCoMo have joined to unveil the Optimus G Pro, a followup to the popular Optimus G smartphone that debuted last year. The Optimus G Pro features a 5-inch display with full-HD 1080p resolution and a pixel density of 440 ppi versus 312 ppi in the original Optimus G. The phone also sports a 1.7GHz quad-core Snapdragon Pro chipset, 2GB of RAM, a 3,000 mAh battery and Android 4.1 Jelly Bean. The Optimus G Pro will debut in Japan this coming April, but global launch plans have not been announced.
It looks like LG (066570) is starting to get its mojo back. Yonhap News reports that new data from Hong Kong-based Counterpoint Research shows that LG has climbed over Apple (AAPL) to become the second-largest handset vendor in the United States. Counterpoint’s numbers, which include sales of both feature phones and smartphones, show that LG had a 13% market share in the U.S. this past December, while Apple had a 12% share. Both companies still significantly trailed Samsung (005930), however, which dominated the American handset market with a 33% share in December. Counterpoint said that LG benefited from strong holiday sales of its Optimus G smartphone, which the company has set up as a competitor with Samsung’s hit Galaxy S III line.
LG (066570) recently reached a new milestone with its Optimus G smartphone. The company announced on Friday that its flagship device has now sold over a million units since it launched last year, Yonhap News Agency reported. Despite the achievement, the Optimus G still lags behind the competition. The Galaxy S III has sold more than 40 million units and the iPhone 5 sold more than 5 million units in its opening weekend alone. Earlier this month, LG announced that it had also sold more than 1 million Optimus Vu phablets in South Korea, a number that is on par with the Galaxy Note II. To reach the figure, however, the company combined sales of its Optimus Vu and Optimus Vu II.
LG (055670) proved to the world that it can produce top-notch flagship smartphones last year when it launched the quad-core Optimus G. The hardware was among the best we saw in 2012 and the software was slick and refined. Moving into 2013, LG apparently has more in store at the high end of the market, as new details surrounding the Optimus G Pro emerge. More →