The South Korean manufacturer LG will invest 500 million dollars in R & D to be relaunch in the race for next generation smartphones compatible 4 G.
LG - like many other brands - did not negotiate the turn of the smartphones and is currently stalled in the highly competitive market of telephony. The Korean manufacturer in the mobile market share is indeed passed nearly 10% a year and a half less than 5% today. LG thus saw its turnover in the mobile back 10% and displays cumulative losses of $ 800 million.
Prada, one of the big recent success stories - with the Viewty - LG on the mobile
To avoid a mishap that is identical to the one suffered by Nokia, Sony Ericsson, or RIM, LG must therefore respond quickly. Consumer Electronics Group has therefore decided to proceed with an increase of capital to the tune of a billion dollars, of which half will be dedicated to R & D (research and development) and to develop and produce the future of the mark 4 G smartphones. The mobile network very high throughput which is now developing in the US market, and whose first commercial offerings should arrive next year in Europe, is therefore the salvation of manufacturer's plate.
LG plans to launch not less than nine smartphones next February, seven of these models will include the entry and the medium range and two high-end. Hope that the mark is right and attracts the curiosity of consumers because competition is rude and the slightest misstep could be fatal.
LG is a very popular company. It is such great news for customer. Consumers always expect products that have better quality, more flexibility, and new features at a lower price. To keep up with today's Consumer Electronics needs, design and test engineers need flexible, high-performance test systems. Awesome post!
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