Models pose with models of LG Eletronics's new smartphone Optimus G during its launch event in Seoul, South Korea, Sept. 18, 2012. (Xinhua/Park Jin-hee)
LG Electronics unveils Optimus G smartphone to join top players
SEOUL, Sept. 18 (Xinhua) -- LG Electronics unveiled on Tuesday its new flagship smartphone Optimus G that was expected to help the second-tier smarphone maker join the group of top players such as Samsung Electronics and Apple.
The South Korean mobile phone maker, which was once one of the first-tier players in the mobile phone industry, had suffered from heavy losses due to its belated response to the smartphone boom. LG's mobile communication (MC) division turned into the black in the first quarter of 2012 after posting losses for six straight quarters, but the business shifted once again into the red in the second quarter due to an increase in marketing costs. Full story