LG is going to launch a follow-up to the LG V10 within the next three months.
The South Korean tech giant has confirmed that an LG V10 successor will arrive at some point between July and September. The revelation was buried within LG’s second-quarter financial results, giving more insight into the curious, arrived-out-of-the-blue V-series.
“The launch of the new V series and expanding sales of mass-tier K and X series models are expected to improve the business unit’s performance next quarter,” reads the LG press release.
Unfortunately, the press release doesn’t offer any new details about the LG V20, other than the release window. But based on the impressive, high-end LG V10, we’d expect to see flagship-grade specs and a repeat of the second display that sits above the primary display, reeling off information like time, date, weather, and battery level.
Earlier this year, a report by South Korea’s ETNews suggested that the LG V20 would launch in early September, a rumour that now appears to be true. A September launch makes sense, after all; it’s in time for Christmas splurge season, and puts it in direct competition with other flagships launching at a similar time like the iPhone 7 and Samsung Galaxy Note 7.
So what else did we learn about LG from today’s release? Well the firm’s quarter saw mixed success. LG’s mobile division revenue was up by 12% from the first quarter ($2.86 billion), but the firm still managed to rack up an operating loss of $132 million. LG puts this down to increased spending on marketing and “somewhat slow initial sales of G5 smartphone”.
The LG G5 was launched on February 21 at this year’s Mobile World Congress. The handset received decent reviews from critics, but sales have been slow, in part due to competition from the critically acclaimed Samsung Galaxy S7.
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What would you like to see from the next LG smartphone? let us know in the comments.