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LG Electronics launches revamped G3 smartphone


South Koreas LG Electronics Inc launched a revamped version of its flagship G3 high-end smartphone at a discount to its predecessor model on Wednesday and said it would ship more than 10 million units to improve its ailing handset business. LG hopes the new G3 phone, which added metal film to the rear plastic cover to offer a polished metallic look, will pull its handset business out of the red and provide meaningful earnings momentum in the coming quarter. The resolution is also better than the 431 ppi screen on Samsung Electronics Cos Galaxy S5 431. The G3s launch price of 899,800 Korean won ($880) is about 6 percent lower than the G2 in South Korea, highlighting the intensifying competition on both price and features among smartphone makers as market growth slows.

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