LG made 1.2 cents in profit for every phone it sold last quarter
LG’s latest earnings report shows just how tough the smartphone market is getting. On the one hand, LG Mobile shipped 8.1 million LTE smartphones, its best result ever. On the other hand, it sold fewer premium models in Korea and spent a lot of money marketing its flagship G4 in the US against models by Apple, Samsung, et al. (The company singled out Apple, saying that iPhone sales hurt its earnings this quarter.) The net result was a mobile operating profit of just 200 million won ($172,000) or 1.2 cents per phone. The good news is that the LG G4 has only been on sale in the US for two months, so it may have a stronger impact on LG’s bottom line next quarter.
On top of a tight smartphone market, LG’s Home Entertainment division said that global demand for LCD TVs was “soft,” as revenue dropped 22.7 percent to 3.93 trillion won ($3.59 billion). However, the company is bullish on its 4K OLED TVs, and plans to expand its lineup “with newer designs at more attractive price points.” For the quarter, LG saw an overeall drop in sales of 7.6 percent and earnings that were down 45 percent over last year to 226.4 billion won ($195 million). And if not for the company’s profitable Home Appliance division, that number would’ve been a loss.
Filed under: Cellphones, Home Entertainment, LG
Source: LG
LG announces its financial results, mobile sales increase only 1% year-on-year
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LG has today announced its financial results for Q2 2015 and the results are, well, meh. As a whole company, LG Electronics made a decent profit of 226.4 billion won, or about $206.38 million USD, in what it called an “extremely challenging environment”, however the results of the mobile division speak of a different story.
Despite increasing sales overall by 1% year-on-year, LG saw a decline of 3% in overall device shipments to 14.1 million. LG largely attributed this to a decline in demand for premium smartphones in its home country of Korea, however noted that US revenue had grown 36% year-on-year thanks to mid-range devices. LG intends to rectify this by marketing both its premium range and mid-range better in hopes that will increase its profits.
It’s kind of disappointing to hear that even LG is doing poorly in this current climate, especially given that its LG G4 is definitely the best smartphone it has every put out. But these are the times we live in, and LG has to find a way to get its profits back up on the back of its devices – LG G Pro 3 anybody?
What do you think about LG’s financial results? Let us know your thoughts in the comments below.
The post LG announces its financial results, mobile sales increase only 1% year-on-year appeared first on AndroidSPIN.
LG brings old fashion back with the LG Gentle, a Lollipop-powered flip phone
If you thought smartphones and tablets ushered in the death of flip phones, you may have thought wrong. LG is bringing old fashion back with a Lollipop-powered flip phone, the LG Gentle, aimed for the South Korean market.
The Gentle features a 3.2-inch 480 x 320 LCD touch display, a 1.1GHz processor, 1GB of RAM, 4GB of internal storage, expandable via a microSD slot, LTE connectivity, and a 1700mAh battery. On the software side of things, it’s running Android 5.1.
LG hasn’t shared any plans to release the device in anything but the South Korean market, and in all honesty, it probably wouldn’t be economical for LG to go any further than that.
source: LG
Come comment on this article: LG brings old fashion back with the LG Gentle, a Lollipop-powered flip phone
LG’s got a flip phone that runs Android Lollipop
Flip phones aren’t just for retro hipsters and the elderly anymore… well, actually they kind of are. But they’re super popular in Asia, and now you can get one that’ll run the latest apps: LG’s Gentle flip phone. The faux-leather adorned device is running a bleeding edge version of Android 5.1 Lollipop and packing 4G LTE. Otherwise, it’s not exactly a power-user’s dream with a 3.2-inch 480 x 320 screen, 3-megapixel rear camera, 4GB of (expandable) storage and 1GB of RAM. But for just 20 million won ($175) it would make a fine second phone, provided you live in Korea — it’s unlikely to come here, and similar flip phones cost a fortune to import.
Filed under: Cellphones, Mobile, LG
Via: Android Central
Source: LG
LG launches Lollipop-powered LG Gentle flip phone
Flip phones were all the rage many years ago and LG‘s design team was clearly feeling a little nostalgic when it designed and created the LG Gentle flip phone. Rolling back the years to a previous generation of devices, the Gentle brings the design of old with the specs of modern handsets by using Android Lollipop to power the handset.
LG in video:
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The handset is perfect for elderly customers, with a large keypad perfect for those with larger hands and fingers or with poor eyesight. The keypad is combined with a 3.2 inch touch-enabled display offering 480 x 320 pixels, which equates to a modest 181 pixels per inch density. The handset is powered by a 1.1GHz quad-core processor with 1GB RAM, 4GB internal storage (that can be expanded using microSD), LTE support and a 1,700mAh battery.
LG Gentle is powered by Android 5.1 Lollipop and presumably, LG has made some modifications in the interface to ensure it works properly with the keypad and the smaller display. The specifications on the handset certainly won’t win any awards but given it’s an entry-level phone that’s priced at around $170, the handset should prove quite popular.
The LG Gentle is not confirmed for a launch outside South Korea but it’s unlikely the handset will launch in Europe or the USA, which is a shame as it’s certainly unique and it could definitely have some market appeal amongst those upgrading from a feature phone to their first smartphone. Would you buy the LG Gentle for yourself or someone in your family? Let us know your views in the comments below guys!
Root now available for LG G4 carrier models
One of the benefits to having an Android phone is the ability to customise any number of settings and features once you’ve performed a root, which is akin to jailbreaking which iPhone users may be accustomed to. Rooting relies on an unlocked bootloader and while a root was achieved for the unlocked version of the LG G4, the carrier branded models have so far had to wait.
If you’ve been waiting then you’re in luck as root is now available for carrier branded models of the LG G4, both for the major US carrier devices (AT&T, Sprint, T-Mobile and Verizon) and other international carriers. Recognised developer thecubed and others have built the “Low Effort Root” for carrier branded models but this is definitely not for the fainthearted; if you’re a novice and think bootloader is something related to your car, then this is definitely not for you.
LG G4 in video:
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As with all mods, you’ll need to be able to precisely follow a long list of steps and you’ll need to download and install tools for your computer to get the job done. Like most Android customisations, you may end up with a bricked device that cannot be recovered so don’t tempt this unless you’re happy with the risk!
To root your carrier branded LG G4, head over to XDA Developers (in the source link below), read through all the posts and ask about anything you’re unsure of before you attempt anything. Back up all your data and take your time; there’s nothing worse than rushing and ending up with a bricked phone.
For more on what you can do with your Android smartphone, check out our Android customization series and head over to Android Authority on YouTube to see more about the latest apps, handsets and comparisons.
ICYMI: Power-ballad singing tech, foldable bridge and more
Today on In Case You Missed It: A computer-like display, singing power ballads from the ’90s, simply must be seen; Japanese engineers unveiled an emergency bridge that can unfold in five minutes; and the game Half-Life gets hacked to work on an Android Wear watch.
We also run through the biggest headlines of the week but think this Stephen Hawking goes searching for ET story is the most shared over brunch worth (after you’ve already touched on Chrysler).
And from the whatever you do, don’t miss this files: A new kitten app “Cat Shake” gives you an endless stream of cats. Guess I just found what I’m doing for the weekend.
If you come across any interesting videos, we’d love to see them. Just tweet us with the #ICYMI hashtag @engadget or @mskerryd.
Filed under: Misc, Gaming, Meta, Robots, Transportation, Science, Internet, LG
LG TONE Active Bluetooth headphones available this month
Today, LG announced the global roll-out of its new TONE Active Bluetooth headset. The headphones will go on sale in North American and South Korea beginning this month, with launches in the rest of the world scheduled for the third quarter of the year.
The TONE Active’s big selling point is its durability, as LG says that it is designed to suit an active life style, hence the name. The headset is water and sweat resistant, so you can wear it during your intense workout sessions. LG has also removed the annoying dangling chords usually associated with in-ear headphones, by allowing the earbuds to retract inside the frame.
To keep the headset completely wire free, the LG TONE Active is also powered by Bluetooth technology, so customers can pair it up to their smartphone to stream music. There is also a little microphone enclosed in the frame to make and take calls hands-free.
Pricing information and an exact launch date have not been given, but we’ll probably spot additional details when the headset hits the shelves in the next few days. The LG TONE Active will be available in lime, orange, blue and pink color options.
LG INTRODUCES THE PERFECT WORKOUT PARTNER WITH TONE ACTIVE
Durable and Rugged with Vibrant Colors, Wearable Bluetooth Headset Designed for Maximum Mobility
SEOUL, July 24, 2015 ― LG Electronics (LG) will begin the global rollout of the LG TONE Active, a new sporty Bluetooth headset in its award-winning TONE series. The LG TONE Active will go on sale starting this month in North America and Korea, to be followed by key markets in Europe, CIS, Asia and Latin America throughout the third quarter.
Perfect for both music listening and conversation and compatible with any Bluetooth-enabled smartphone, the LG TONE Active is water and sweat resistant with earbuds that retract fully into the headset to eliminate tangled cords. Designed with durability in mind to support the most active lifestyles, the LG TONE Active with its contoured design fits snugly around the neck for a secure fit even when running or jogging.
Standout features of the LG TONE Active include:
- Water and Sweat Resistance ― Compatible for life’s toughest workouts to handle even the hottest conditions in the gym or out on the trail.
- Durable and Rugged ― Durable yet lightweight with a contoured, around-the-neck design.
- Retractable Earbuds ― Customized fit with two earbud sizes for a more secure and comfortable fit and a simple, effective solution for cord management
- Bluetooth Wireless Technology ― Hassle-free device connectivity, compatible with any Bluetooth-enabled smartphone.
- Quad-Layer Speaker Technology™ and Digital MEMS Microphone ― Robust bass, crisp treble, less distortion on high frequencies and exceptional voice clarity for hassle-free conversations.
“Our designers saw an opportunity to expand on the LG TONE Series with a headset that will pair perfectly with people’s daily, active routines,” said Seo Young-jae, vice president in charge of Innovative Personal Devices at LG Electronics Mobile Communications Company. “Our newest TONE Active isn’t just for exercising, they’re perfect for anyone who’s constantly on the move, whether at home, work or at the gym. TONE Active was designed to be the ultimate wireless solution to withstand any and all activities.”
The LG TONE Active comes in four colors: Lime, Orange, Blue and Pink. Details of price and availability will be announced locally at the time of launch.
LG may move up its “super premium phone” as well
Gripped between Apple at the high-end, and a pack of hungry Chinese players at the bottom, the Korean smartphone industry is in turmoil. Tiny Pantech narrowly avoided shutting down thanks to the intervention of a group of local investors, but even the mighty Samsung and LG are struggling to cope with the pressure. The former just moved up the launch of its fall flagship, the Galaxy Note 5, and now it looks like LG will follow suit.
According to industry sources cited by Business Korea, LG has abandoned its plan to release its “super premium phone” in October, and is now pushing hard to release the device as soon as possible. The launch of this high-end device is apparently “imminent,” said the sources.
This super premium LG phone is reportedly developed in “profound secrecy,” and details about it are very hard to come by. Our hunch was that LG was preparing a metallic iteration of the G Pro series, but according to Business Korea’s sources, the device could be an entirely new model, a G4 variant, or even the LG G5.
Buyers are not swayed by the G4’s leather back
LG Mobile’s CEO Juno Cho first talked about the company’s plans for a device that “stands before the G series” in March, during the MWC show. Cho did not offer any details, other than that the mystery phone would launch in the second half of the year. Than the G4 launched, and while it sported an optional leather cover and solid specs, it was clearly outshone by Samsung’s metal and glass Galaxy S6 and S6 Edge duo.
Several reports have suggested that the G4 is not performing as well as LG had hoped. Add the fact that the Note 5 will land early this year and the unrelenting pressure of the Apple juggernaut, and LG’s decision to accelerate the release of its super phone seems entirely justified.
When will we see this new device? IFA, in early September, could be a good bet, especially now that the absence of a Note announcement will give it more room to shine. But that’s just speculation for now.
LG Bello II arrives in India as the LG Max
Back at the beginning of the week, LG announced its new low-cost Bello II smartphone, the latest entry in its range of affordable smartphones for emerging markets. The smartphone has now made its début in India, but with a new name – the LG Max.
The most compelling aspect of the smartphone is probably its price. The LG Max will retail for just Rs.10,900 ($170) in India, although we don’t have a specific launch date or list of retailers just yet. It’s not the cheapest smartphone on the market, but the Max offers some competitive hardware.
Despite the name change, the smartphone still comes with a 5-inch 854×480 display, 1.3GHz quad-core CPU, 1GB of RAM, an 8 megapixel rear camera and 5MP front camera. The phone also features 8GB of internal storage, a microSD card slot and a 2,540mAh battery.
High-end LG features:
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However, the smartphone only features 3G connectivity, so may struggle to compete against similarly priced 4G enabled handsets from the likes of MicroMax, Xiaomi, Lenovo or Huawei. However, the LG Max does come with some of LG’s flagship features, include Selfie Flash, Gesture Shot, and Knock Code, which might be enough to win some consumers over.
The Bello II will also be known as the LG Max in Mexico and Russia, and will be called the LG Prime II in Brazil and Chile. A roll-out in Europe is expected in the third quarter of the year.
AIVAnet 