Photo: Tech Junkie
LG To Shut Its Smartphone Manufacturing Vertical; Cites Heavy Loss
South Korea-based electronic giant LG on April 5 announced its departure from the smartphone market, citing heavy loss. The company had earlier revealed of suffering $4.5 billion loss in the past six years. Interestingly, in the smartphone market, now led by Apple and Samsung, LG had become the third-largest player in 2013 due to its innovations. With the exit, LG aims to focus on electric vehicles, artificial intelligence and smart-homes.… read-more
Tags: LG, business, Smart Phone, South Korea
Courtesy: BBC
Photo: Business Wire
Rates Of Electronic Appliances To Witness Hike From January 2021
Owing to an increase in the expense of raw materials and transportation, electronic appliances' prices will likely increase by 10% in January 2021. Reportedly, LG has indicated a 7-8% increase in the rates and Panasonic hinted of a 6-7% rise. However, Sony is yet to announce its decision on the price hike. Besides, the Consumer Electronics and Appliances Manufacturers Association has warned the price hike may influence the overall demand.
Tags: LG, Panasonic, Manish Sharma, Sony
Courtesy: News Track Live
Photo: Technosports
LG to Launch its Dual Rotating Screen Phone 'LG Wing' on Sept 14
South Korean mobile manufacturer LG has officially announced to launch a T-shaped dual rotating phone. 'LG Wing', the dual rotating phone will likely be the first product under the company's "The Explorer Project". As per the reports, LG has claimed that "The Explorer Project" will mainly focus on launching the products with brand new user friendly features and "innovative designs".… read-more
Tags: LG, Dual Rotating screen, Smartphones, T-Shape
Courtesy: ANI News
