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

most viewed right now
 95
audio inside Drake - Scary Hours (God's Plan & Diplomatic Immunity)
189 comments
@hiphop
most viewed right now
 28
Monique Asks Fans Boycott Netflix For Lowballing Her
94 comments
@wild'ish
most viewed right now
 26
Image(s) inside Only option is Raw
32 comments
@thotsdimesetc
most viewed right now
 22
Image(s) inside I dunno if im trippin, but this is one of the sexiest pics i ever saw
45 comments
@thotsdimesetc

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

 1 week ago '07        #1
1329 pageviews
35 comments


Jago 1046 heat pts1046
space
space
space
$3,832 | Props total: 5938 5938
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
hot topic and 5 others gave props
 
Grave slapped this ish
 

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

 1 week ago '16        #2
StrawberryJam 1 heat pts
space
space
space
$1,150 | Props total: 1482 1482
Can’t believe it took them this long to realize no one was buying their phones.
Dicemoney6 and 15 others gave props
 
Phuck Yiu slapped this ish
 
 1 week ago '12        #3
ThePainkiller 348 heat pts348
space
avatar space
space
$70,500 | Props total: 23772 23772
Grave gave props
 
 1 week ago '04        #4
nwking 2 heat pts
space
avatar space
space
$2,272 | Props total: 1475 1475
Ohh crap it's over for lg in the phone market. Love the TV's though
Illogic and 5 others gave props
 
 1 week ago '07        #5
six1twan 3 heat pts
space
avatar space
space
$995 | Props total: 194 194
The V30 ended it for them
 1 week ago '16        #6
Negusis 2 heat pts
space
space
space
$2,122 | Props total: 5175 5175
I'm a fan of the V series
craze189 gave props
 
 1 week ago '04        #7
DJ Maximum|M 49 heat pts49
space
avatar space
space
$43,650 | Props total: 12668 12668
That's why the v30 has a 2 year warranty on it

Makes sense
ThePainkiller and 1 others gave props
 
 1 week ago '10        #8
Esdot 17 heat pts17
space
avatar space
space
$1,652 | Props total: 741 741
iPhone 6, 6s, and 7 where all the same phones with 1 added/removed feature. Just follow that model.
Boogie1790 and 7 others gave props
 
 1 week ago '14        #9
Greenghost2212 3 heat pts
space
avatar space
space
$3,046 | Props total: 726 726
 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.
SouthsideNori and 5 others gave props
 
st21 slapped this ish
 
 1 week ago '15        #10
Kden 48 heat pts48
space
avatar space
space
$7,463 | Props total: 17546 17546
 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.
flav and 1 others gave props
 
 1 week ago '16        #11
Boogie1790 
space
avatar space
space
$2,807 | Props total: 5938 5938
 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
lizardman and 1 others gave props
 
 1 week ago '15        #12
SouthsideNori 11 heat pts11
space
avatar space
space
$4,090 | Props total: 11489 11489
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.
Simonsaid86 and 1 others gave props
 
 1 week ago '07        #13
kakish 9 heat pts
space
avatar space
space
$13,020 | Props total: 1711 1711
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
 1 week ago '04        #14
CrAkKedOuT 963 heat pts963
space
space
space
$23,809 | Props total: 15413 15413
I'd be fine if all phone manufacturers took a year or two off to release new phones.
Dro24 and 8 others gave props
 
 1 week ago '06        #15
LYTE 128 heat pts128
space
space
space
$14,281 | Props total: 5144 5144
 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
Adamsville4real gave props
 
 1 week ago '16        #16
craze189 
space
space
space
$1,200 | Props total: 5392 5392
 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.
My V20 is a backup/in the House while my main jawns are charging phone these days but while it was my daily driver, that hoe never let me down. They did everything right with that phone, then undid half of it with the V30.
Greenghost2212 and 2 others gave props
 
 1 week ago '08        #17
flav 1 heat pts
space
avatar space
space
$1,657 | Props total: 2179 2179
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
B-Y-D gave props
 
 1 week ago '07        #18
st21 1264 heat pts1264
space
avatar space
space
$56,283 | Props total: 45480 45480
 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.
Y.G. gave props
 
 1 week ago '14        #19
Greenghost2212 3 heat pts
space
avatar space
space
$3,046 | Props total: 726 726
 st21 said:
They were the opposite of reliable.
sh*t every LG i had fu*ked up because of screen cracks. Not nothing internal.
otton1716 and 1 others gave props
 
 1 week ago '06        #20
dirtyalphaman 11 heat pts11
space
avatar space
space
$2,742 | Props total: 3030 3030
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........
BossTonMA and 1 others gave props
 
Home      
  
 

 






most viewed right now
 15
Image(s) inside Security Guard thot outta H-town(Like 5 or 6 kids pus-y must be A1!!)
114 comments
1 day ago
@thotsdimesetc
most viewed right now
 13
Jan 18 - Pornhub's Data Shows Something Rather Hilarious Happened in Hawaii du..
58 comments
1 day ago
@misc
most viewed right now
 8
Video inside Michael Blackson rips Kevin Hart in new standup. :mjlol:
62 comments
1 day ago
@movies
most viewed right now
 6
Image(s) inside Jan 18 - Teacher accused of having sexual relationship with student sa..
50 comments
1 day ago
@news
most viewed right now
 6
Video inside The 'THRILLER' girl reacts to the video, 34 years later!
100 comments
1 day ago
@wild'ish
most viewed right now
 6
Video inside Guess Nas Was Right, DeHaven Details Jay-Z Gettin Robbed In Marcy Not O..
159 comments
1 day ago
@hiphop
most viewed right now
 4
Tim Cook says the next iOS update will allow users to disable intentional batt..
32 comments
1 day ago
@tech
most viewed right now
 3
Article inside Spencer: I’m Not Deaf To The Meme That We Need To Invest More In Cont..
14 comments
1 day ago
@games
back to top
register contact Follow BX @ Twitter Follow BX @ Facebook search BX privacy