South Korean multinational tech company LG, has recently announced that it will be launching cheaper 4G smartphones in India. As reported by ET, the company will soon bring in LTE- enabled LG G2 with 32 GB inbuilt storage priced at Rs50,000. Also, as said by LG India’s managing director Soon Kwon, there will be two more products added to the series in a price range between INR 20,000 and INR 30, 000.
According to researchers, India is set to become third largest in the growth of smartphones by 2017.India’s smartphone is expected to grow largely due to the demand of high internet speed and greater availability of low cost devices .
With the development of advanced technology many major players like Samsung, Blackberry etc. have started developing 4G mobiles. The 4G network is based on LTE ADVANCE -3GPP long term evolution. This new network offers a high mobility communication of atleast 100 megabits per second and offers a low mobility condition of 1 gigabits per second.
In Q313, as per the reports, HUAWEI overtakes the LG in smartphone market share by 5.1 percent of sales. By introducing the new features like knockon powered by simply tapping twice on the display and quick remote, the company expects to generate revenue upto Rs 200 crore from LG G2 at a price starting from Rs 41,500.
Initially, LG also plans to offer a 50GB of cloud storage free on these phones. Reliance jio infocomm and Bharti airtel are also among the few other players in this space having spectrum of 4G services that can be provided using TDD LTE technology.
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