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LG Elec says handset sales to improve starting in Q4

[SEOUL] 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 on Thursday.

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 will start selling the V10 smartphone in South Korea on Oct 8.

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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 (US$679.6) locally - 11 per cent 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.

REUTERS

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