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LG Electronics unveils larger screen phone, shrugs off Lenovo threat

By Hyunjoo Jin SEOUL (Reuters) - South Korea's LG Electronics unveiled a revamped version of its large-screen smartphone G Pro on Thursday, hoping it will help propel the company to the No. 3 spot in global smartphone sales this year.

LG unveils curved-screen smartphone

LG Electronics unveiled Monday a curved-screen smartphone, taking on rival Samsung in a niche market seen as a first step on the road to fully flexible products. Despite its name, the "G-Flex" does not bend, but uses flexible OLED (organic light-emitting diode) to produce a curved six-inch display. The model is "the best representation yet of how a smartphone should be curved," the president of LG's mobile unit Park Jong-Seok said, in a clear dig at Samsung.

LG's profit falls despite higher revenue as TV demand weak, smartphone competition intensifies

SEOUL, South Korea - LG Electronics' latest quarterly report underlined challenges facing global electronics makers as weak TV demand and stiffer competition in smartphones undermine profit. The results Wednesday showed an 8 per cent decline in April-June net profit to 155.5 billion won ($140 million) even as LG's revenue rose 10 per cent from a year earlier to 15.2 trillion won ($13.6 billion). Operating profit fell 9 per cent from a year earlier to 479 billion won.

LG aims to sell 40 million smartphones in 2013

LG Electronics on Monday set a global sales target of 40 million smartphones for 2013, as the South Korean firm seeks to expand its presence in a market dominated by bigger rivals such as Samsung. The world's fifth-largest handset maker said in a statement that it aims to shift 10 million units each quarter by more than doubling sales of phones designed for next-generation 4G services called Long-Term Evolution (LTE).

LG unveils new full-HD smartphone

LG Electronics unveiled Monday the latest version of its flagship smartphone, boasting a higher resolution screen aimed at gaining a technical edge over bigger rivals like Samsung. The Optimus G Pro -- the newest version of the Optimus G series and the first LG smartphone offering a full high-definition (HD) screen -- will hit stores at home Wednesday, the South Korean firm said. The new handset is powered by Android software and measures 15.2 centimetres (5.98 inches) long and 7.6 centimetres wide. It goes on sale in Japan and North America in the second quarter.
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