|
Home >
Mobile News >
LG News >
LG Turns Profit, to Release 20 Smartphones This Year |
|
LG Turns Profit, to Release 20 Smartphones This Year
|
|
By Allen Tsai | Thu Jan 28, 2010 3:44 am |
LG Electronics reported a fourth quarter profit and said it plans to launch 20 smartphones -- most of them running Google's Android software -- amid a recovering global economy and increasing consumer demand.
The South Korean company posted a $256 million profit for the October-December period, reversing a $487 million loss from the same quarter a year ago. But results still fell short of analysts' expectations of $344 million.
The company said it plans to "aggressively" challenge established rivals Apple and Research in Motion by releasing around 20 smartphones -- most of them running Google's Android software -- later this year.
LG, the world's third-largest handset maker, entered the smartphone industry relatively late, but has been busy ramping up its presence by focusing on high-end devices. It said it aims to sell 140 million handsets in 2010, up 20 percent from last year ago. Analysts expect the company to continue its gain on market leaders Nokia and Samsung.
|
|
|
|
Wed Feb 01, 2012 1:54 pm | By
LG Electronics' handset sales improved, gaining traction in the smartphone market despite the company's overall loss, as the company's strategic turn towards upscale smartphones faces stiff competition.
|
|
|
|
Mon Jan 23, 2012 10:27 am | By
Connected refrigerators, ovens, and washer-dryers offer another direction for the burgeoning app market to expand, as well as a new field for tech rivals to compete in.
|
|
|
|
Thu Jan 12, 2012 4:03 pm | By
LG signed a patent agreement with Microsoft, joining tech companies that agreed to pay licensing fees for Android-powered devices.
|
|
|
|
|
Mon Jan 09, 2012 3:53 pm | By
LG unveiled several smart home appliances at CES, including a refrigerator that helps people keep track of their diets, showcasing the company's plans to appeal to an increasingly connecting customer base.
|
|
|
|
Mon Jan 09, 2012 3:13 pm | By
Verizon will release the LG Spectrum, a 4G-capable handset, on January 16 for $200 with two-year contract, as it moves into the high-end of the smartphone market.
|
|
|
|
More Phones: LG |
|
Editorials & Opinion
By Janet Maragioglio
Mobile devices increasingly diagnose and manage disease, putting them under the watchful eye of federal regulators, who could slow the pace of innovation.
|
|
Mobiledia News In Your Inbox
|
|
|
|
|
|
] |
CellReception.com |
CellRisk.com |
Appedia.com |
Tabletedia.com
[ 
] |
iTVedia.com