LG is predicted to launch an reasonably priced 5G handset later this 12 months. Of their Q2 2020 earnings report, the corporate talked about strengthening its ODM technique and launched a tool that may be obtainable to a bigger market.

The Q2 2020 monetary report revealed that the South Korean tech big has been noticeably affected by the Coronavirus pandemic. LG smartphone gross sales dropped by 19 p.c 12 months on 12 months however grew 31 p.c quarter on quarter after provide chains stabilized and lockdown measures eased, particularly in markets just like the US and Europe. The launch of the LG Velvet additionally helped bump gross sales throughout this era.

Based on an LG official, the corporate’s Cell Communications division (smartphones) is engaged on bettering the profitability of its enterprise and change into extra aggressive in the present market. This arrived after the official was requested concerning a doable launch of a $100 and even $200 5G smartphone forward of its opponents in markets just like the US or China.

Moreover, LG is already in talks with chipmakers and ODMs to carry 5G handset to the mass market and plans on being the primary model to take action. This might assist increase 5G enabled units since its value of entry is round a finances 4G cellphone. The corporate can also be seeking to launch an reasonably priced 5G machine in markets like South Korea and the US in the second half of 2020, though, an actual launch date is unknown.

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