LG sold 13.9 million smartphones in Q2 2016, confirms new V series phone (V20?)


LG today announced its financial results for the second quarter of 2016 (April - June). As expected, the company is doing really well overall, posting an operating income (profit) of $503.1 million - that's almost 140% higher than the operating income for the same quarter last year. LG is thankful that its Home Appliance & Air Solution and Home Entertainment divisions have both reported record operating profits for Q2 2016.

When it comes to smartphones, though, things aren't that great. LG Mobile Communications sold 13.9 million smartphones - a 3% increase compared to the previous quarter - but it posted an operating loss of $132.1 million, following "increased marketing expenditures and somewhat slow initial sales of G5 smartphone." Still, LG believes that things will improve going forward, and here comes the interesting part: the company confirmed that a "new V series" smartphone will be launched sometime this quarter.

Not long ago, we heard that a successor to the LG V10 should be released in September, and it looks like this will happen indeed. The new handset may be called LG V20 or LG V11, and could be launched by Verizon at some point. Unfortunately, right now, there are no details on the features of this upcoming device, but we expect it to be more or less similar to the V10 (pictured above), thus sporting a large Quad HD display, in addition to a secondary ticker screen. Like its predecessor, the LG V20 / V11 might be built around a metal frame, offering protection against drops. 

We'll obviously be here to let you know more about LG's next-gen V series smartphone as soon as new info is available.

source: LG

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12 Comments

1. NoToFanboys

Posts: 3231; Member since: Oct 03, 2015

V series > G series

2. Jevon5

Posts: 60; Member since: Feb 15, 2016

Note series>>>> All LG Flagships

3. Barney_stinson

Posts: 672; Member since: May 30, 2016

This year's note dont look like a note thn!!! S7E+

4. chenski

Posts: 781; Member since: Mar 22, 2015

V series > g series = note series :p

5. ibend

Posts: 6747; Member since: Sep 30, 2014

13.9million? so.. most of it are older phone? since they didnt even sell 4million of G5, and the only new phone from LG that I know is stylo2 (and X series, is it released already? :-/)

10. ECPirate37

Posts: 347; Member since: Jul 14, 2011

That could be true that it is older phones. I bought my parents a G4 because it was marked down and they don't need the newest phone.

6. BlackhawkFlys

Posts: 930; Member since: May 07, 2014

Please make it water resistant and pack a bigger processor inside it and then expect sales.

7. Amroze

Posts: 597; Member since: Jul 04, 2016

And keep the G4 and V design, and LG will be great. I loved my G2.

8. shield

Posts: 869; Member since: Sep 12, 2015

V20/V11 IP68, 4000mAh battery and Better design.

9. Bettlebailey

Posts: 1; Member since: Jul 28, 2016

After LG G4 rebooting issues.. I'm done with LG.

11. wargreymon

Posts: 764; Member since: Nov 05, 2013

Samsung using insane chips, HTC having screens that raise up a lot and break, I'm pretty sure you can dig up dirt on every OEM. At least LG fixed it under warranty. So enjoy talking with a can attached to a string.

12. rsiders

Posts: 2012; Member since: Nov 17, 2011

Bring it on LG. 20mp camera with a larger sensor. 4000mAh battery. Snap 820 and launched with Android N. At any rate, the V10 has served me well and I was able to pull off this travel video without the expensive gear I want.https://youtu.be/y0kKpE3IeeI

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