LG will stop releasing new phones every year

LG changing strategy in a bid to turn smartphone fortunes around will release new models

Sung-jin also referenced lithium material supply as factor for slowing down new phone releases.

LG wants to "retain existing models longer" with the release of additional variants, for example. We were expecting to be teased with the LG G7 but nothing.

The majority of earnings from LG's mobile phone unit are reportedly derived from its more affordable smartphones, than flagship models. Its mobile division is coming off the back of 10 quarter-on-quarter losses, so now could be a good time for a change.

LG went to the CES 2018 event to launch a number of products including the LG WK9 ThinQ Google Assistant touchscreen speaker, ThinQ smart kitchen appliances, ThinQ AI technology, new α (Alpha) 9 processor, and the LG V30 Raspberry Rose. When asked for a potential ETA of the announcement of the G7, the chairman said that LG will unveil future handsets "when it is needed" and won't necessarily do announcements in unison with rival companies. "But we will not launch it just because other rivals do", he said. LG noted that it would release more variants, especially for the G or V series.

More news: Greitens acknowledges affair, denies blackmail allegations

Samsung's Galaxy S9 is unlikely to be a huge leap forward following the near-perfect S8 range.

We'll have to wait for February's Mobile World Congress to see which flashy new models buyers will drool over in the next year.

Cho focused on LG's new approach as something the company could sustain.

Related News:

  • Diet Coke says millennials thirsty for new experiences, introduces four new flavors

    Diet Coke says millennials thirsty for new experiences, introduces four new flavors

    The Diet Coke varieties will be sold in tall silver 12-ounce cans and available nationwide in mid-January, the company said. The company reported $0.50 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.49 by $0.01.
    Lawmakers Hold Hearing On Legionnaires' Outbreak At Quincy Veterans Home

    Lawmakers Hold Hearing On Legionnaires' Outbreak At Quincy Veterans Home

    Officials say it would cost $25 million to replace plumbing to mitigate the disease at the Illinois Veterans Home at Quincy. Bruce Rauner's administration about the deadly outbreak of Legionnaires' disease at the Illinois Veterans Home in Quincy .
    Pence to lead USA  delegation in South Korea for Winter Olympics

    Pence to lead USA delegation in South Korea for Winter Olympics

    The North has long denounced the drills as a rehearsal for northern invasion and used them as an excuse for provocations. Then on Saturday at Camp David, the President said he would "absolutely" be willing to talk to Kim by phone.
  • LFP suspends goal-line technology in France after issues

    LFP suspends goal-line technology in France after issues

    There has been a lot of infusion of technology in football lately considering its extensive usage in other sports of the world. GoalControl technology alerts the referee when the ball has crossed the line via a watch that vibrates on the official's wrist.
    New home launches plunge 78% in 2017

    New home launches plunge 78% in 2017

    Little wonder then that residential sales in the Mumbai Metropolitan Region (MMR) jumped up 19% in the second half of past year compared to the same period in 2016.
    Zimbabwe anti-corruption body investigates Grace Mugabe's PhD

    Zimbabwe anti-corruption body investigates Grace Mugabe's PhD

    The atrocities targeted members of the ethnic Ndebele population believed to support former Vice President Joshua Nkomo, then an opponent of Mugabe.
  • Browns special team coordinator Chris Tabor heading to Bears

    Browns special team coordinator Chris Tabor heading to Bears

    After Kelly left, Helfrich became the head coach and reached the National Championship Game in 2013 with Marcus Mariota . Fox helped restore some of the professionalism that was missing under former GM Phil Emery and coach Marc Trestman.

    Federal Realty Investment Trust (NYSE:FRT) Profitability in Focus

    Tctc Holdings Llc increased its stake in Qualcomm Inc (QCOM) by 40.57% based on its latest 2017Q3 regulatory filing with the SEC. While cautious optimism may be the prevailing sentiment, many investors will be looking to take the portfolio to the next level.

    Trading Chatter on EAFE Value Index MSCI Ishares (EFV) Shares

    The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory.
  • PM Li says China economy grew 6.9% in 2017

    PM Li says China economy grew 6.9% in 2017

    The river's basin is home to up to 1,700 fish species, making it the most diverse basin after the Amazon and Congo. China is increasing its investment along the river through building dams and a navigation channel.

    Mercedes-Benz GLS Class Will Make A Grand Entrance At Detroit

    Mercedes says the system attunes itself to a specific user's voice, allowing it to more easily understand non-native speakers. With Mercedes me connected services, drivers can remotely lock and unlock their cars with their smartphones.
    CES 2018: TVs Are The Big Stars So Far

    CES 2018: TVs Are The Big Stars So Far

    That being said , the world's largest electronics show of this year, CES 2018 will raise its curtain tomorrow, 9th January. The futuristic television is a high-definition resolution display that can be rolled up and hidden when not in use.


Most liked

Colombian leader recalls peace negotiator in wake of ELN attacks
The secretary-general is scheduled to travel to Meta, in central Colombia, to visit a site set up to help FARC rebels reintegrate.

Republican Renacci quits governor race to run for Senate
An avid supporter of President Trump, Renacci said a White House meeting on Wednesday was the turning point in his decision. Last Friday, state Treasurer Josh Mandel made a surprise announcement that he was quitting the U.S.

'I Probably Have A Very Good Relationship With Kim Jong Un'
"I don't want to comment on it". "The difference is I'm president, other people aren't". He said the USA was open to talks with North Korea under the right circumstances.

HBO Boss Gives Updates on the Final Season and the Prequels
This, according to Bloys, is set to "explore different time periods of [George R R Martin]'s vast and rich universe". There isn't much known about the potential new series, though it's expected that not all of them will end up on air.

Activision Blizzard, Inc. (NASDAQ:ATVI)
In related news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction that occurred on Friday, November 17th. Pacad Investment Ltd increased American Elec Pwr Inc (NYSE:AEP) stake by 7,500 shares to 8,700 valued at $611,000 in 2017Q3.

980-HP Toyota Concept Could Inspire Future Supercar
Acceleration figures haven't been mentioned but as you can imagine, it's not going to be slow. The GR Super Sport Concept's hybrid electric drivetrain packs almost 1,000 horsepower.

Pelosi: 'Five White Guys' Leading DACA Talks Should Open a 'Hamburger Stand'
Pelosi was concerned that no minority members of Congress were included in the meeting. Why it would matter beyond Democrats once again playing the race card is unclear.

NYC councilmen arrested at rally for immigrant rights activist detained by ICE
He has since exhausted his petitions and appeals through the immigration courts, the Board of Immigration Appeals and the U.S. Kaji Dousa, Senior Pastor of Park Avenue Christian Church, stated that "Ravi Ragbir means everything to this city".

A 'John Wick' TV show is in the works at Starz
I think the world is very vast, and everything I've heard from it is very positive. "That is part of the ongoing conversation". Starz is now developing a spin-off of the Keanu Reeves-starring action franchise.

Diet Coke gets biggest makeover ever in bid to restore cachet
Coca-Cola Bottling Co Consolidated ( NASDAQ COKE ) traded down $1.22 during mid-day trading on Thursday, hitting $203.96. The Coca-Cola Company has announced that it is updating its Diet Coke brand, in a bid to appeal to younger consumers.

ULA set for second attempt at spy satellite launch
United Launch Alliance, which provided the rocket, reported that another attempt to launch will be made beginning at 1 p.m. The ULA Delta IV rocket launch was canceled again on Thursday after several issues and anomalies with the rocket.

Vietnam among countries with lowest travel security risks
The Naxalites have conducted frequent terrorist attacks on local police, paramilitary forces, and government officials, it added. Embassy Havana employees have been targeted in specific attacks", suffering "significant injuries as a effect of these attacks".

Camila Cabello: 'I was hurt by Fifth Harmony's MTV VMA's performance'
Camila , who left the group in December, 2016, was watching the performance at home and she was surprised by the obvious jab. You can check out Cabello's full album below. "I just wanted to do that and it did not work".

Taylor Swift Sells $180m Tickets In Seven Days
Billboard reports that the $180 million came from four days of verified fan pre-sales, and three days of public sales. Citing "overwhelming demand", promoters have added yet another Taylor Swift show at Gillette Stadium .

Netflix, Inc. (NASDAQ:NFLX) Insider Sells $563933.37 in Stock
Taking current value along prior value is a smoothing technique similar to that used in calculating an exponential moving average. Google search data on Netflix has shown a "very high correlation" with Netflix's USA subscriber growth, according to Barclays.