LG Electronics in South Korea has launched a new smartphone called Optimus LTE on the market which supports 4G networks. The company hopes soon to embrace this new technology to achieve more sales. The mobile division of LG is indeed the third of the world but are suffering in competition with Samsung and HTC. The new smartphone joins the small line of 4G mobile handsets currently available in the world and sports an Android 2.3 (Gingerbread) operating system.
The Optimus LTE features a 4.5-inch HD display with 8-megapixel rear camera and 1.3-megapixel front-facing camera. The mobile phone runs on the Android 2.3 (Gingerbread) operating system and is powered by a 1.5GHz Scorpion dual-core processor. It offers hardware similar to the Samsung Galaxy SII. It has 1GB of RAM and comes with 4GB of internal memory that is expandable up to 32GB with a microSD card.
LG said it has yet to decide when the product will go on sale in overseas markets. It has some 1,400 LTE patents, which some analysts estimate are worth $8 billion. The figures of the past quarter have not been announced but the expectation is that smartphones sales have fallen by 3 percent, where in the second quarter was only 1.7 percent. Last July, the LG sales outlook for the whole of 2011 to minus 20 percent to 24 million units. The company did not indicate when it expects more to go. Many analysts assume that LG profits next year just to make the mobile division.
This phone is announced with a price tag of $747 USD.