LG Elec says handset sales to improve starting in Q4

Reuters: South Korean consumer electronics maker LG Electronics Inc expects sales at its mobile division to improve starting from the fourth quarter as the firm launches new devices, a senior executive said.

Speaking at a launch event for the new V10 smartphone, LG mobile division chief Cho Juno told reporters the firm will use the high-end device as well as new mid-to-low tier products to boost market share.

He declined to give any specific targets.

LG started selling the V10 smartphone in South Korea on 8 October.

The device, which features two front cameras and a small secondary screen that works independently from the main 5.7-inch display, is priced at 799,700 Korean won ($ 679.6) locally – 11% lower than domestic rival Samsung Electronics Co Ltd’s cheapest Galaxy Note 5 phablet model that was launched in August.

The firm also said it is preparing its own mobile payments service but declined to elaborate further.