Hoping to increase the sales of its company South Korea's LG Electronics Inc plans to launch a new premium smartphone in September. This is in the hope the launch of this device will help its dwindling fortunes.
The LG v20 device will be launched in September and its a successor to the LG v10 that was launched last october. This version will launch with googles latest operating System Android Nougat at launch.
However the company has declined to offer more details about this phone.
The firm has two main premium phone series and its G5 phone, launched in March, has had weaker-than-expected sales following initial production difficulties. As a result, the South Korean firm's mobile business reported its fifth straight quarter of operating loss for April-June.
The company said last week the launch of new products, including a successor to the V10, will help its performance improve in the third quarter. Rivals are also pushing new devices to market soon, however: Samsung Electronics Co Ltd will unveil its next Galaxy Note smartphone on Wednesday.
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