Second-quarter financial results from LG Electronics show revenue up 10.1% year-on-year to KRW 15.23 trillion (£8.9 billion), although net profit was down 8% year-on-year to KRW 156 billion (£91 million).
The LG Mobile Communications Company saw revenue rise 34.5% year-on-year to KRW 3.12 trillion (£1.8 billion), with smartphone shipments reaching a new quarterly record of 12.1 million units.
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LG Electronics says its next flagship smartphone - rumoured to launch early next month - will be known as the G2.
Future smartphones in the same series will carry the ‘G’ premium branding and will drop the ‘Optimus’ name that’s previously been used.
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LG Electronics has officially launched the much-rumoured white version of its Android-powered Nexus 4 smartphone, which was developed in partnership with Google.
It’ll go on sale in Hong Kong from tomorrow, followed by other markets worldwide.
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LG Electronics has created a version of its Android-based Optimus Vu smartphone that offers business users a secure device without affecting their personal information.
It’s based on the US version of the Optimus Vu - known as the Intuition - and has been created in partnership with Verizon Wireless and VMWare.
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Money, messaging, microphones and M2M
Mark Bridge writes:
This week there was only one set of financial results that attracted the mainstream tech media. Apple reported the first drop in quarterly profit for several years as figures fell by 18% to around £6.1 billion. On the positive side, it made around £6.1 billion profit. It also announced dates for its developer conference in June and promised a new version of iOS.
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