3,168
squad up!
 

LG Throws In The Towel, Will No Longer Release Flagships Yearly


view the rest of most viewed
 


section   (0 bx goons and 1 bystanders) Share this on Twitter   Share this on Facebook
 

Props Slaps
 9 months ago '07        #1
1706 page views
35 comments


Jago 1105 heat pts1105
space
space
space
$3,999 | Props total: 7257 7257
LG Throws In The Towel, Will No Longer Release Flagships Yearly
 

 
image

LG Electronics’ chief said it will no longer set a regular timeline to launch smartphones as it has done over the past years, in an apparent strategic move to help its struggling smartphone business, which has been losing money for 11 straight quarters.

“We will unveil new smartphones when it is needed. But we will not launch it just because other rivals do,”
said LG Electronics Vice Chairman Cho Sung-jin on Wednesday during a press conference at the Consumer Electronics Show in Las Vegas. He was responding to a question on when the firm would launch its new flagship smartphone LG G7.

“We plan to retain existing models longer by, for instance, unveiling more variant models of the G series or V series,” Cho said.

As for why the strategy on smartphones will be changed, the chief said, “We found it is important to retain a good platform for a long (time) and concerns rise over the supply of lithium materials.”

Although he did not mention the smartphone unit’s financial losses, the announcement appears to reflect the firm’s scale-down of its phone business amid slow growth in the global smartphone market in contrast to the firm’s flourishing appliances and other sectors.

LG’s mobile communications unit is estimated to report a financial loss for the 11th straight quarter in the October-December period last year.

The mobile unit was not able to make a turnaround last year, as the bulk of its earnings came from budget phones, not flagship models although its smartphone business reduced losses by more than 40 percent last year compared to the previous year, reaching around 700 billion won ($650 million) in losses.

Analyst Park Won-jae of Mirae a.sset Daewoo Securities predicted LG's smartphone business would once again fail to make a turnaround this year, although it would further reduce its losses to 184.7 billion won this year.

Cho also talked about the firm’s business plan for its robots powered by artificial intelligence and autonomous driving, which the firm has been revealing since it announced early last year that it would foster its robot business as a future growth engine.

“The robot business is not profitable now and it is not a huge business for the time being. But we are raising its brand profile now and the business is expected to make profits in two to three years,” Cho said.

Many technologies are needed for robots and LG cannot do all that alone, he said. “We plan to acquire small companies and invest in related business.”

During the show, the firm exhibited its robot brand CLOi, which is an integrated portfolio of robots for information, cleaning and mowing lawns. It also unveiled serving, porter and shopping cart robots.

LG started to provide CLOi robots at Incheon Airport and Starfield Hanam, a large shopping mall in Korea, last year. It plans to expand use of the devices to hotels and supermarkets this year.

During the event, the tech firm also unveiled its artificial intelligence-powered TVs, the LG OLED TV ThinQ and LG Super UltraHD TV ThingQ, which allow users to control the TVs and search for content via voice commands by integrating LG’s AI platform DeepThinQ and Google a.ssistant. It also showcased OLED TVs with Alpha 9 chips that it developed, which improved the devices’ resolution.
visit this link LG to shift strategy on money-losing smartphone

35 comments for "LG Throws In The Towel, Will No Longer Release Flagships Yearly"

 9 months ago '12        #2
ThePainkiller 366 heat pts366
space
avatar space
space
$74,789 | Props total: 34066 34066

 9 months ago '04        #3
nwking 49 heat pts49
space
avatar space
space
$3,802 | Props total: 4627 4627
Ohh crap it's over for lg in the phone market. Love the TV's though

 9 months ago '07        #4
six1twan 3 heat pts
space
avatar space
space
$1,139 | Props total: 385 385
The V30 ended it for them

 9 months ago '16        #5
Negusis 5 heat pts
space
space
space
$3,352 | Props total: 8193 8193
I'm a fan of the V series

 9 months ago '04        #6
DJ Maximum|M 52 heat pts52
space
avatar space
space
$44,944 | Props total: 17073 17073
That's why the v30 has a 2 year warranty on it

Makes sense

 9 months ago '10        #7
catch22 18 heat pts18
space
avatar space
space
$1,891 | Props total: 1455 1455
iPhone 6, 6s, and 7 where all the same phones with 1 added/removed feature. Just follow that model.

 9 months ago '14        #8
Greenghost2212 3 heat pts
space
avatar space
space
$3,396 | Props total: 1018 1018
 StrawberryJam said
Can’t believe it took them this long to realize no one was buying their phones.
They wasn't doing Galaxy numbers but I know a lot of n*ggas that actually like LG phones. Them bi*chs reliable.

 9 months ago '15        #9
Kden 59 heat pts59
space
space
space
$9,075 | Props total: 22762 22762
 Greenghost2212 said
They wasn't doing Galaxy numbers but I know a lot of n*ggas that actually like LG phones. Them bi*chs reliable.
Idk bout that they had to replace my g4 like 4x cuz of bootlooping. Couldn't wait to get rid of the piece of sh*t

But I will say aside from that huge fu*k up, the phone itself wasn't bad.

 9 months ago '16        #10
Boogie1790 6 heat pts
space
avatar space
space
$5,088 | Props total: 11874 11874
 Greenghost2212 said
They wasn't doing Galaxy numbers but I know a lot of n*ggas that actually like LG phones. Them bi*chs reliable.
I had mine for like 9 months and its goin to sh*t. But sh*t a phone is a phone to me. As long as i can call text and go online im straight

 9 months ago '15        #11
SouthsideNori 13 heat pts13
space
avatar space
space
$4,492 | Props total: 14403 14403
Sad to hear I got a G6 and I like it, can't think of any drawback. A slighter better camera package would of helped tho.

 9 months ago '07        #12
kakish 9 heat pts
space
avatar space
space
$13,482 | Props total: 2477 2477
Smart move. You don’t make another product just cause a competitor is dropping. When you have a good new product then you drop it

 9 months ago '04        #13
CrAkKedOuT 1032 heat pts1032
space
space
space
$25,157 | Props total: 19239 19239
I'd be fine if all phone manufacturers took a year or two off to release new phones.

 9 months ago '06        #14
LYTE 144 heat pts144
space
space
space
$15,266 | Props total: 6926 6926
 CrAkKedOuT said
I'd be fine if all phone manufacturers took a year or two off to release new phones.
Word. It's not like the current model is so far advanced from the previous model from 12 months ago either.

They don't even have enough time to advance technology

 9 months ago '08        #15
flav 2 heat pts
space
avatar space
space
$3,079 | Props total: 4818 4818
FINALLY LG gives up. It's about damn time.

They don't have the structure and outlook to afford to release yearly flagships, and in turn they keep hurting their brand. I understand there is a need to compete but what's the point of doing so if you release half-assed hardware, especially when the stability is into question ?

I used to repair phones for some time and LG has usually by FAR been the lowest quality hardware and worst in RND. Sorry but it's just the truth

 9 months ago '07        #16
21 1522 heat pts1522
space
avatar space
space
$61,756 | Props total: 64703 64703
 Greenghost2212 said
They wasn't doing Galaxy numbers but I know a lot of n*ggas that actually like LG phones. Them bi*chs reliable.
They were the opposite of reliable.

 9 months ago '14        #17
Greenghost2212 3 heat pts
space
avatar space
space
$3,396 | Props total: 1018 1018
 st21 said
They were the opposite of reliable.
sh*t every LG i had fu*ked up because of screen cracks. Not nothing internal.

 9 months ago '06        #18
dirtyalphaman 11 heat pts11
space
avatar space
space
$2,827 | Props total: 3390 3390
Hey, I love new phones tbh, but every year??? And Samsung is about to drop the S9 earlier than last year according to some sources. But why do we need one every year. I think theyre about to lose money with the S9 because they didn't too much with it. Apple too........How many people who had a 7 got an 8? And then a 10??? I am a Samsung dude through and through and I think the Note 8 is the best thing since sliced bread. But honestly, give me a little time to have the hottest sh*t before you upgrade or replace the model........

 9 months ago '12        #19
daman729 27 heat pts27
space
avatar space
space
$12,854 | Props total: 14208 14208
Cats can say what they want about LG. Theyre alot better than they used to be. Samsungs got/get hot too but people gave/give them a pass lol.

 9 months ago '16        #20
Jody 24 heat pts24
space
avatar space
space
$2,143 | Props total: 4760 4760
 daman729 said
Cats can say what they want about LG. Theyre alot better than they used to be. Samsungs got/get hot too but people gave/give them a pass lol.
you better tread lightly with the samsung facts

a couple f*ggots/stans on here will slit your throat you disparage samsung name in any negative manner

and yall cornball a.ss n*ggas know who im talking about too

 9 months ago '07        #21
MrPeePee 
space
avatar space
space
$647 | Props total: 344 344
LG has some respectable unlocked phones with mediocre cameras for reasonable prices. Not a bad option when you use cricket, but I like my moto g5 plus

 9 months ago '05        #22
Gully Reloaded 
space
avatar space
space
$1,112 | Props total: 1822 1822
I got LGG5 and been in the fam since G3.

I was done after this phone anyway. I've had power buttons fu*k up, fingerprint unlock fu*k up, etc.

I stayed with them cause the removable battery and sd card.

 9 months ago '05        #23
rashcobar 14 heat pts14
space
avatar space
space
$13,169 | Props total: 4977 4977
Had g4 and it started bootlooping after a year. Lovely phone otherwise but fu*k LG.

 9 months ago '17        #24
HipHopJunkie 2 heat pts
space
avatar space
space
$855 | Props total: 1621 1621
I got a G6 sh*t official

 9 months ago '12        #25
Phuck Yiu 34 heat pts34
space
avatar space
space
$7,797 | Props total: 12233 12233
V10 going strong for me

Home      
  
 


most viewed right now
 162
NBA DAAAAMMNN!!! Carmelo looking crazy af sitting on the bench. I feel bad...
40 comments
2 hours ago
@sports
most viewed right now
 128
NBA Los Angeles Lakers vs Portland Trailblazers [Opening Night Thread]
601 comments
6 hours ago
@sports
most viewed right now
 106
J Prince Warns Pusha To Move on From Drake Beef or He'll Squash His Career Lik..
137 comments
3 hours ago
@hiphop
most viewed right now
 79
Video inside Ovo 40 finally speaks. Let’s Pusha TMZ know OVO ready for all the smoke
50 comments
4 hours ago
@hiphop
most viewed right now
 51
NBA Isiah Thomas destroys Steven A Smith in Bron/MJ debate.
41 comments
3 hours ago
@sports
most viewed right now
 46
Video inside One of the best films of that last ten years nobody cares about
47 comments
6 hours ago
@movies
most viewed right now
 44
BREAKING: AR-AB & OBH Associates allegedly Indicted by the FEDS!
63 comments
4 hours ago
@hiphop
most viewed right now
 41
Video inside Eryka Badu really goin crazy in front of our eyes and yall ignoring it,..
53 comments
2 hours ago
@hiphop
most viewed right now
 41
Video inside Cardi B Say She Got Good Warm Coochie and Mouf Plus a Deep Throat
19 comments
2 hours ago
@thotsdimesetc
most viewed right now
 32
 NBA Adam Silver Doing All He Can to Help LeBron Win His First Game in the West..
8 comments
21 minutes ago
@sports
most viewed right now
 32
Image(s) inside Dayuum say it aint so -BRITTANY REINER exposes UZI - 'He didnt wanna s..
149 comments
9 hours ago
@misc
most viewed right now
 30
NBA WNBA superstar season is over due to Pregnancy
53 comments
5 hours ago
@sports
most viewed right now
 29
Image(s) inside In Her Eyes Her Butt Is A 10, But in Reality it’s A.............fu-k I..
58 comments
9 hours ago
@thotsdimesetc
most viewed right now
 29
Image(s) inside 100% USDA Beef. GET SUM!
8 comments
3 hours ago
@thotsdimesetc
most viewed right now
 28
Image(s) inside Jheezzeee Diddy just upgraded from Cassie - NEW ASIAN ting ALERT!!
41 comments
3 hours ago
@thotsdimesetc
most viewed right now
 24
Image(s) inside Oct 18 - It's Lit! China plans to launch artificial moon to replace st..
33 comments
4 hours ago
@news
most viewed right now
 20
Image(s) inside Oct 18 - Divers swim through 90 ft of raw sewage to unclog 'flushable ..
27 comments
4 hours ago
@news
most viewed right now
 20
Article inside The Game BEGS Judge To Not ARREST Him, After Sex Assault Victim Find..
80 comments
8 hours ago
@hiphop
most viewed right now
 19
Image(s) inside SMH Brittany Renner lowkey exposed Collin Kaepernick for cheating on h..
13 comments
3 hours ago
@misc
most viewed right now
 18
Image(s) inside It took a short chunky Latina to produce the true heir to the Schwarze..
12 comments
5 hours ago
@wild'ish
Top 10 most propped recently
Last few hours...
Rule 336
19
Dun Language
15
BallDontLie
14
Rico23
13
stogz
11
Ace dealer
9
G.W.
8
micropave
8
The Blind Side
8
TheLastNonEarth
8
Top 10 most slapped recently
BlackDynamite
30
baddie
16
blah blah blah
15
cluckaluck
8
marcusaka50
8
Take Care
8
Affectz
7
01seay
6
TheLastNonEarth
5
Rule 336
5
 
 





most viewed right now
online now  30
Former president of iran quotes tupac to troll the united states on twitter
106 comments
1 day ago
@hiphop
most viewed right now
online now  27
Image(s) inside The wall
94 comments
1 day ago
@wild'ish
most viewed right now
online now  19
Cassidy exposed fu-king tr@nnies with wife???
208 comments
1 day ago
@hiphop
most viewed right now
online now  14
Image(s) inside Pete Davidson sent Mac Miller intimate pictures of Ariana Grande days ..
349 comments
2 days ago
@hiphop
most viewed right now
online now  7
Image(s) inside BIG BA:LLER BRAND IS BACK WITH THE FIRE ZO2's!!!!!!!
50 comments
1 day ago
@gear
most viewed right now
online now  6
Video inside Pusha T Plays Recordings of Drake's People Trying to Dig Up Dirt
198 comments
1 day ago
@hiphop
most viewed right now
online now  6
Image(s) inside Houston Vs Atlanta
117 comments
1 day ago
@hiphop
most viewed right now
online now  5
Article inside Fast & Furious Producer Sues Universal Over Hobbs and Shaw
36 comments
1 day ago
@movies
back to top
register contact Follow BX @ Twitter Follow BX @ Facebook search BX privacy