LG targets 4G markets after publishing Q2 financial losses
LG is to invest even more heavily in 4G phones as it tries to combat declining sales in its mobile division.
The Korean manufacturer has published its results for Q2 of 2012, which show it operated at a loss of $49.48 million US (£32 million). This was despite a good start to the year and something LG has put down to investing more money on promoting its most recent flagship devices such as the LG Optimus 4X HD.
Rather than cry into its pillow or head to the pub to drown its sorrows, LG has already announced how it plans to turn things around: by going for the 4G markets.
Throughout the second half of 2012, LG will be introducing a number of LTE devices throughout 4G regions in north America, parts of Europe and Asia.
It’s just a shame that the UK won’t get to enjoy all it has to offer after Ofcom announced a 4G network wouldn’t be rolled out until the middle of 2013 at the earliest.
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