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LG Electronics announces 2016 1Q financial results

LG Electronics Announces 2016 1Q Financial Results

LG Electronics today announced first-quarter 2016 operating profit of KRW 505.2 billion (USD 420.25 million), a 65.5 percent increase from the same period in 2015 on sales of KRW 13.36 trillion (USD 11.12 billion). The LG Home Appliance & Air Solution Company contributed the largest amount, KRW 407.8 billion (USD 339.23 million) in operating income for the quarter, while the LG Home Entertainment Company earned KRW 335.2 billion (USD 278.84 million) in operating profit, both up significantly from the first quarter of 2015. The LG Mobile Communications Company posted an operating loss of KRW 202.2 billion (USD 168.20 million) primarily due to increased marketing expenditures for the new LG G5 flagship smartphone, while the LG Vehicle Components Company reported a modest loss of KRW 15.8 billion (USD 13.14 million) reflecting higher R&D investments. LG s overall global sales and profitability are expected to improve in the second quarter, with double-digit growth in revenues and higher profitability anticipated as LG continues its premium-focused strategy with LG SIGNATURE products, the LG G5 smartphone and 4K Ultra HD OLED TVs.

LG Home Appliance & Air Solution Company recorded sales of KRW 4.22 trillion (USD 3.51 billion) in the first quarter, an increase of 4 percent year-on-year due in large part to higher premium product sales and growth in its B2B operations. Operating profit and operating margin of 9.7 percent were the highest in the history of LG home appliances. Revenues in the Korean domestic market increased 11 percent from the same period the previous year thanks to strong performance of TWIN Wash washing machines, premium refrigerators and commercial air conditioners. Weaker demand caused by the drop in oil prices and unfavorable currency exchange movements negatively affected sales in markets such as the Middle East, South America and CIS, while revenues in North America and Europe remained strong. LG Mobile Communications Company reported sales of KRW 2.96 trillion (USD 2.46 billion), a decline of 15.5 percent from the first quarter last year. Shipments of 13.5 million smartphones were 12 percent lower both year-on-year and quarter-on-quarter, mainly as a result of the business entering the slow season as well as declining shipments of existing flagship models due to high interest in the recently announced LG G5.

Competition in the smartphone market will continue to increase, leading to further price erosion which LG plans to counter with a strong global push for the modular LG G5 smartphone and new mass-tier models such as its X series. LG Home Entertainment Company reported revenues of KRW 4.33 trillion (USD 3.6 billion), down 2.3 percent from last year s first quarter as TV shipments declined somewhat in the key markets of North America and Europe. A solid operating margin of 7.7 percent was accompanied by a 207 percent increase quarter-on-quarter in operating income, demonstrating strong evidence of the growing demand for premium OLED and 4K OLED TV products. Improved cost structure and cost competitiveness is expected to drive improved profitability in the next quarter. LG Vehicle Components Company sales of KRW 592.9 billion (USD 493.2 million) represent a 55 percent year-on-year increase, on the back of LG s growing automotive infotainment business, although profitability was negatively affected by increased R&D investments.

The outlook for LG s automotive business is positive, with higher expected demand for electric vehicle components and as LG expands its global reach and secures new customers.

Phone Camera Shootout: Huawei P9 Dual-Lens vs.

Samsung Galaxy S7 vs.

Apple iPhone 6s Plus

Apr 14, 2016 9:00 am ET

Huawei Technologies Co. headed to battle against Apple Inc. and Samsung Electronics Co. in the smartphone arena last week, and its weapon of choice is a camera. The Chinese company insists that the fancy-schmancy two-lens camera on its new P9 smartphone1 is reinventing smartphone photography that it can do things that the one lens on the Samsung Galaxy S7 and iPhone 6s can t. After testing all three phones in a photography shoot out, I can say that Huawei is half right.

Though the P9 s dual-lens camera is excellent, and blows away the camera on last year s iPhone, it s not clearly better than that of the reigning 2016 champ, the Galaxy S72. It can also pull off a pretty cool trick that was once strictly the domain of big, bulky cameras. Huawei, which ranks third behind No.

1 Samsung and runner-up Apple in global smartphone market share, starts selling the P9 on April 16 in China and several major European and Middle Eastern markets, but it has no plans to release it in the U.S. American shoppers should still pay attention, because Huawei says it will sell a flagship phone in the U.S. this year3. It s not the first smartphone with a dual-lens camera LG s new G5 has two lenses4, one for wide shots and one for standard ones.

But Huawei s marketing campaign is simple: Two lenses are better than one, especially when they are designed in partnership with high-end German camera producer Leica, which has its name emblazoned next to the lenses. Huawei says that, compared with a single-lens camera, the P9 s two lenses can capture more light and produce better depth of field. To test this, I toted Huawei s P9, Samsung s Galaxy S7 and Apple s iPhone 6s Plus around London and took photos with them in indoor and outdoor low-light situations that tax any smartphone camera. My first impression was it was hard to distinguish between photos taken on the P9 and S7, which was doing a comparable job with only one lens. In a romantically dim French restaurant, both cameras produced relatively sharp photos of a piano man in action.

The S7 produced a slightly brighter photo, but it also added an unnatural orange hue. The P9 s colors were more true to life. This was also true when photographing my friend s steak tartare and a busker in a Tube station. Both the S7 and the P9 captured better dynamic range than the iPhone 6s Plus. In a street scene, the iPhone shots are dark, but bright signs are blown out. The other two phones managed shots that presented more details from the street, but with signs that were exposed just enough to be read easily.

The thing the P9 s dual-lens camera can do that the iPhone 6s Plus can t do is a shallow depth-of-field shot. Mimicking cameras with larger lenses and sensors, the P9 processes an image so that the subject in is focus while the background is pleasantly blurry. It s not real depth of field, but a clever cheat: The P9 s two lenses serve as eyes, with enough depth perception to focus on what s near. The phone s software then goes and blurs out the rest. What s really neat is that a photographer can change the focus and sharpness of the photo after it s been taken.

I photographed my colleague with Tower Bridge in the background, initially focusing on him and blurring the bridge. Then, after the photo was taken, I narrowed the aperture so both he and Tower Bridge were in focus. Funny thing: I could also blur him and focus on Tower Bridge instead. The result wasn t perfect. The P9 did shave small but noticeable slivers off my colleague s ears and shoulders. A Huawei spokesman acknowledged some technical limitations, and said that for best results, there should be clear contrast between subject and background.

But Samsung s Galaxy S7 pulled off the same trick with just its one lens. On the downside, the S7 could not blur the background as much as the P9 could. But the S7 s depth-of-field shots looked less artificial. The iPhone 6s Plus has no such trick. It s clear from this that Samsung and Huawei are neck and neck in camera tech.

The other takeaway?

Apple now has to play camera catch-up to two of its key global competitors.

References

  1. ^ its new P9 smartphone (www.wsj.com)
  2. ^ the reigning 2016 champ, the Galaxy S7 (www.wsj.com)
  3. ^ it will sell a flagship phone in the U.S.

    this year (www.wsj.com)

  4. ^ LG s new G5 has two lenses (blogs.wsj.com)

Android M 6.0 Marshmallow Release Date for Motorola Moto X, G, E-Series for US Cellular, Verizon, AT&T, Sprint, and …

A new report from the Indian Express states that Motorola has started rolling out its Android 6.0.1 update for Moto G, 3rd Generation, in India. It also states that Motorola had earlier released the Android Marshmallow update for the Moto X Play smartphone.
1

Last week, a report from Phone Arena stated that the Motorola X Play, a phone intended for Canada, Latin America, and Europe as well as India. It began to receive the Android 6.0.1 Marshmallow to both Canada and India.
2

Gotta Be Mobile reports that the Moto X Pure Edition was one of the fastest Android 6.0 upgrades in the United States, but users of other regions and different Moto X models haven’t been as lucky, at least until now. This is an unlocked phone with the promise of timely updates, so the fact that they were not coming was most certainly a problem for users of this phone.
3

Like Us on Facebook4

There is a handy chart on Android Pit that reveals when the Android rollout for Motorola devices are coming out, and the only one that is confirmed available is the Moto X Pure Edition. The others in the X series that are marked “Confirmed” which included the Moto X Play, the Moto X Style, and the Moto X (2014). As for the G Series, the confirmations are for the Moto G (2015), Moto G (2014), and Moto G (2014) LTE version.
5

This chart also has the Moto E marked “for certain regions”. There will not be an update available for the United States for the Moto E, even though Motorola promised that in the past. The Marshmallow upgrade will be arriving on Snapdragon 410 powered versions in Canada, Latin America, Europe, and Asia, excluding China.

So it looks like the rollout for Motorola devices is happening, but in a slow way. This is not uncommon for rollouts of the new version of Android, and it is also not uncommon for different U.S.

Carriers (Verizon, US Cellular, AT&T, T-Mobile, and Sprint) to receive the upgrade before others.

If you have any of Motorola’s devices, you might actually have access to the Android Marshmallow upgrade, depending on your carrier or locations.

You should be able to go to your “Settings” menu on “System Update” in order to find it.

References

  1. ^ Indian Express (indianexpress.com)
  2. ^ Phone Arena (www.phonearena.com)
  3. ^ Gotta Be Mobile (www.gottabemobile.com)
  4. ^ Facebook (www.facebook.com)
  5. ^ Android Pit (www.androidpit.com)

Android M 6.0 Marshmallow Update Release Date For Motorola Moto X, G, E-Series for US Cellular, Verizon, AT&T …

A new report from the Indian Express states that Motorola has started rolling out its Android 6.0.1 update for Moto G, 3rd Generation, in India. It also states that Motorola had earlier released the Android Marshmallow update for the Moto X Play smartphone.
1

Last week, a report from Phone Arena stated that the Motorola X Play, a phone intended for Canada, Latin America, and Europe as well as India. It began to receive the Android 6.0.1 Marshmallow to both Canada and India.
2

Gotta Be Mobile reports that the Moto X Pure Edition was one of the fastest Android 6.0 upgrades in the United States, but users of other regions and different Moto X models haven’t been as lucky, at least until now. This is an unlocked phone with the promise of timely updates, so the fact that they were not coming was most certainly a problem for users of this phone.
3

Like Us on Facebook4

There is a handy chart on Android Pit that reveals when the Android rollout for Motorola devices are coming out, and the only one that is confirmed available is the Moto X Pure Edition. The others in the X series that are marked “Confirmed” which included the Moto X Play, the Moto X Style, and the Moto X (2014). As for the G Series, the confirmations are for the Moto G (2015), Moto G (2014), and Moto G (2014) LTE version.
5

This chart also has the Moto E marked “for certain regions”. There will not be an update available for the United States for the Moto E, even though Motorola promised that in the past. The Marshmallow upgrade will be arriving on Snapdragon 410 powered versions in Canada, Latin America, Europe, and Asia, excluding China.

So it looks like the rollout for Motorola devices is happening, but in a slow way. This is not uncommon for rollouts of the new version of Android, and it is also not uncommon for different U.S.

Carriers (Verizon, US Cellular, AT&T, T-Mobile, and Sprint) to receive the upgrade before others.

If you have any of Motorola’s devices, you might actually have access to the Android Marshmallow upgrade, depending on your carrier or locations.

You should be able to go to your “Settings” menu on “System Update” in order to find it.

References

  1. ^ Indian Express (indianexpress.com)
  2. ^ Phone Arena (www.phonearena.com)
  3. ^ Gotta Be Mobile (www.gottabemobile.com)
  4. ^ Facebook (www.facebook.com)
  5. ^ Android Pit (www.androidpit.com)

LG Electronics introduces a more playful and innovative LG UX 5.0

LG Electronics Introduces A More Playful And Innovative LG UX 5.0

With the imminent consumer rollout of the new LG G5, LG Electronics (LG) will also be introducing a new version of its mobile user interface, LG UX 5.0. Designed for a more playful and innovative mobile experience, LG UX 5.0 will offer advanced features and greater convenience not only for LG G5 users but owners of upcoming smartphone models as well. Based on Android s latest Marshmallow OS, LG UX 5.0 conveys LG s philosophy on the future of mobiles. LG UX 5.0 is an enjoyable, enhanced and user-centric UX that supports easy connection for optimal control of LG Friends and delivers a more convenient and powerful experience by adding new functions that allow users to enjoy the G5 to its maximum potential.

We analyzed the lifestyle of smartphone users to provide a superior mobile experience and greatly expanded the usability with LG UX 5.0, said Juno Cho, president and CEO of LG Electronics Mobile Communications Company. LG UX 5.0 and G5 were designed to provide an innovative user experience that reflects the needs of our most demanding customers.

An Enjoyable UX for Connecting with LG Friends

The highlight of LG UX 5.0 is LG Friends Manager, a versatile application that enables users to easily connect with and control the modules and accessories known as LG Friends. LG Friends Manager intuitively detects nearby accessories for easy pairing with LG G5, easily downloading and installing all the required apps from the Google Play Store. No hassles, no hunting. With LG Friends Manager, the process of connecting the LG G5 to its Friends couldn t get any easier. LG Friends Manager generates a different display for each LG Friend. When paired with the 360 CAM, the screen on the G5 will display photo previews and the available shooting modes. The Friends Camera Album in the Gallery enables users to categorize and manage images captured with LG Friends such as 360 CAM and Rolling Bot.

LG Electronics Introduces A More Playful And Innovative LG UX 5.0

An Enhanced UX for a Powerful Visual Experience

The greatest advantage of LG UX 5.0 is its enhanced support for LG G5 s extremely powerful camera. Image and video capturing has never been so enjoyable with features such as:

Zoom In & Out – Seamlessly switch between the standard 78-degree lens to the 135-degree wide angle lens by simply pinching the screen. Auto Shot – An enhanced version of Gesture Shot, take the perfect selfies with this smart feature which triggers the shutter as soon as the users face is recognized.

Multi View – Captures different angles of images at the same exact moment using the front and rear cameras of the G5 and the LG 360 CAM.

360 Wallpaper – Images taken with the LG 360 CAM can be displayed as a 360 panorama, shifting in sync with movements of the G5. Pop-out Picture – Combine two images taken simultaneously with the standard and wide angle lens to create a picture-in-a-frame effect. Film Effect – Raise the level of effects with this set of filters that deliver an analog feel to photos. Use Camera Preview to preview and change a filter on the fly before taking the shot.

LG Electronics Introduces A More Playful And Innovative LG UX 5.0

A User-Centric UX for Greater Convenience

LG refined its user interface and included several new smart features on LG UX 5.0 to enhance usability and convenience, such as:

New Home – LG combined its Home Screen with the App Drawer in LG UX 5.0 to simplify the user experience. Users who prefer the traditional style can download the Home & App Drawer directly from the settings menu on the LG G5. LG Health – Upgraded for UX 5.0, LG Health provides a Beginner as well as Advanced mode matched to the user s profile. Start with Beginner and switch to Advanced once your activities reach a certain level, staying motivated along the way with visual details of your progress.

Always-on – Avoid the hassle of turning on the smartphone display just to check the time. With Always-on, all your key information including the date, notifications and SMS icon are displayed on the screen at all times. Smart Doctor – Keep your G5 performing at its optimal level with solutions and tips based on your usage habits.

World Clock – Enhanced with an attractive graphical user interface, this smart clock displays the time in selected cities around the world and immediately syncs them to whatever local time you set for easy scheduling of phone calls and meetings. File Manager – Navigate the G5 as easily as navigating your PC with direct access to any folders or files indicated by the directory path at top. Use the new search filter to find documents, videos and images anywhere on your G5.

Quick Help – Find answers to any questions about the G5 quickly and easily or request feedback by e-mail. LG Backup – Use LG Backup and NFC to restore conveniently from other Android phones and now record conversations from your favorite messenger app. Diverse Security Method – In addition to LG s familiar Knock Code, accurate fingerprint recognition is now built into LG UX 5.0 to provide added convenience and security.

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