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LG reportedly prepping flagship phone to rival Samsung’s Galaxy S III

LG is reportedly preparing a new flagship smartphone that will compete directly with Samsung’s upcoming Galaxy S III, Digital Daily reported on Monday. The LG handset, code-named D1L, is said to be equipped with a 4.7-inch, 1280 x 720-pixel display and a dual-core Qualcomm Snapdragon S4 processor clocked at 1.5GHz. The publication’s sources also claim the handset will feature 4G LTE and Android 4.0 Ice Cream Sandwich, with a launch date slated for May. An LG official confirmed the company is “developing a phone with a project name D1L,” though the company did not confirm any additional details.