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LG released a statement earlier which claimed it sold 15.4 million mobile phones in the fourth quarter of 2012, giving them a total revenue of $2.58 billion in the same period. 8.6 million were smartphones, and 100% of those were running one version of the Android operating system of another.

 

LG has now projected they can sell at least 3 times that much in 2013, and have been quoted as saying 45 million new devices should hit the market by this time next year, some of which may even feature the Windows 8 platform instead of Android this time around.

 

LG Electronics Inc. (LG) today announced consolidated revenues of KRW 50.96 trillion (USD 45.22 billion) and a net profit of KRW 91 billion (USD 80.75 million) for full-year 2012. Despite a 6 percent revenue decrease from 2011, operating profits increased significantly in 2012 to KRW 1.14 trillion USD 1.01 billion) from KRW 379 billion (USD 342.06 million) in full-year 2011.



Fourth quarter 2012 consolidated revenues were KRW 13.50 trillion (USD 12.37 billion) with an operating profit of KRW 107 billion (USD 98.08 million). Unaudited consolidated financial results for the fourth quarter ending Dec. 31, 2012 showed a net loss of KRW 468 billion (USD 428.96 million) which reflects a fine related to alleged cathode-ray tube pricing issues imposed by the European Commission in December.



The LG Home Entertainment Company reported record sales of flat-panel TVs with 9.3 million units in the fourth quarter resulting in a 17.4 percent revenue increase quarter-on-quarter to KRW 6.44 trillion (USD 5.91 billion) and full-year operating profit of KRW 542 billion (USD 480.92 million). Revenues from 3D and Smart TVs increased with higher unit sales in the United States, Europe and CIS countries. Although the Home Entertainment Company had the strongest quarter of the year in terms of revenue, profitability declined somewhat due to lower average selling prices and increased competition. LG will continue to aggressively market 3D and Smart TVs and plans to expand its share of the premium TV segment in 2013 with Ultra HD TVs and OLED TVs.



The LG Mobile Communications Company reported a 7 percent unit increase quarter-on-quarter in mobile handset shipments to 15.4 million with more than half of the units coming from smartphones. Smartphone shipments grew 23 percent compared to the previous quarter, increasing to 8.6 million devices from the 7 million in the third quarter. Fourth quarter revenues were the highest of the year, growing 15 percent to KRW 2.81 trillion (USD 2.58 billion) quarter-on-quarter. Sales of premium LTE smartphones such as Optimus G and Vu:2 increased in the fourth quarter, as did the L-series and Google Nexus 4. With more European and emerging markets introducing LTE services this year, LG plans to increase smartphone revenues and market share by launching follow-up devices to Optimus G and the L-series as well as the new F-series.



The LG Home Appliance Company posted almost flat revenues year-on-year, with sales of KRW 2.94 trillion (USD 2.7 billion) in the fourth quarter as strong sales in the U.S. and CIS countries were largely offset by sluggish demand in Europe, the Middle East and Latin America. Profitability was affected by unfavorable foreign exchange rates and increased marketing investments, even though average selling prices for home appliance products rose in the fourth quarter. The company plans to improve its revenue and profitability in 2013 with more competitive products, advanced technologies and a stronger focus on profitable regions.



The LG Air Conditioning & Energy Solutions Company reported sales of KRW 683 billion (USD 626 million) in the fourth quarter, essentially unchanged year-on-year. An operating loss of KRW 11 billion (USD 10.08 million) in the quarter showed improvement from the same period last year due to operational efficiencies. For full-year 2012, the company recorded revenues of KRW 4.35 trillion (USD 3.86 billion) and operating profit of KRW 156 billion (USD 138.42 million). The priority in 2013 will be to introduce more energy-efficient and localized products to bolster revenue growth.


 

Source: LG Press Release



The above photo may be our first look at the LG Nexus 4 in white, but that depends on how much you can believe the word of an anonymous tipster from PhoneArena. The silver trimming and white exterior suggests this is the first we're seeing of the long-rumored release from LG. We can't make any guarantees for the validity of this image, but the clean lines and similar layout suggests this could be the true successor the Nexus line.

 

All of the photo and its 13MP of glory can be reviewed over this link, and we've acquired a detailed view of the lens and the flash below. LG already has white offerings for the Optimus G, which the N4 was originally based on and designed around.


Source: phonearena

 


 

The LG Optimus G Pro, announced by NTT Docomo of Japan and spotted by Engadget, has a large 5-inch screen with full HD resolution (1,920 x 1,080)That gives the display a pixel density of 440 pixels per inch, the same as the HTC Droid DNA. 


The phone is slightly thicker than the non-pro version with only 0.4 inch thin, it will likely to accommodate the larger battery, which holds 3,000 mAh of juice. The processor is a 1.7GHz Qualcomm Snapdragon S4 quad-core design, and it runs Android 4.1 "Jelly Bean." It will be equipped to connect with NTT Docomo's LTE network, and Wi-Fi tethering supports up to eight devices.


LG Optimus G Pro Spec List

  • 5-inch 1080p HD display
  • Quad-core Snapdragin S4 Pro Processor (clocked at 1.7GHz)
  • Android 4.1 Jelly Bean
  • 32GB of Storage
  • MicroSD card slot for external storage
  • 2GB of RAM
  • 3,000mAh Battery
  • 4G LTE Support (NTT DoCoMo)
  • 13-Megapixel Camera

 

Source: engadget




LG has just announced plans to roll out android 4.0 Jelly Bean update to the Optimus G globally this month. According to a press release today by LG. The first country to receive the upgrade will be Singapore "at the end of January," then slowly work their way through the other countries with LTE networks.


Back in November, the Optimus G landed in the states, along with Canada, Korea and Japan. Since then LG has sold over 1 million units. That number still lags when comparing against the 10 million Galaxy Note 2s sold or the 2 million iPhone 5 pre-orders seen in 24 hours, but it's still a phone worthy of a global stage.


There's no official date on when Canada will get graced with Jelly Bean, but you can bank on it hitting Rogers, Bell, TELUS and SaskTel with the promised Q2 timing.


Press Release:


SEOUL, Jan. 22, 2013 - The Optimus G, LG's most premium and powerful 4G LTE smartphone, will begin its global roll-out into over 50 countries this month. The Optimus G has already been launched in the United States, Canada, Korea and Japan to very favorable reviews and LG is aiming to build on the excitement already generated to launch the device in other LTE markets.


"As 4G LTE availability expands on a global scale, we will leverage our strong LTE technology and expertise to offer consumers the best 4G experience through our devices," said Dr. Jong-seok Park, president and CEO of LG Electronics Mobile Communications Company. "With the latest Jelly Bean OS and improved software, Optimus G will make a strong case for the title of ultimate premium 4G LTE smartphone."


Since the launch of Optimus G last September, the smartphone has been enthusiastically received by audiences as one of the most advanced 4G LTE devices currently available. Optimus G has been receiving accolades from consumers and industry thought leaders alike for its powerful performance and thoughtful user experience. Optimus G's unrivaled power originates from its innovative hardware design which includes Qualcomm's advanced SnapdragonTM S4 Pro Quad-Core processor. The device also delivers blazing fast data transfer speeds using today's 4G LTE telecommunication network.


"LG's long history of LTE know-how is evident in the DNA of the Optimus G," said Dr. Park. "As such, we hope consumers will take a deep, hard look at Optimus G when deciding which smartphone will give them the best 4G experience."


The Optimus G will be available starting at the end of January in Singapore followed by other markets worldwide offering 4G LTE service.

 


 

South Korea's LG Electronics Inc. regained its spot as No. In the U.S. handset market last month for the first time in a year on Brisk sales of its latest smartphones, a research firm said Sunday.

 

According to Hong Kong-based Counterpoint Research, mobile phones by LG Electronics recorded a share of 13 percent in December in the United States, beating Apple Inc. with 12 percent. The No. 1 player was retained by Samsung Electronics Co. with 33 percent.  Please note, it's "mobile" phones, not just smartphones.

 

LG Electronics had maintained the runner-up position until the third-quarter of 2011 but fell to third place after Apple's iPhone 4S hit the market.

 

Market Insiders attributed LG Electronics' sales growth to the popularity of its latest Optimus G handset , with over 1 million units sold across North America.

 

Source: Yonhap





 

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