It looks like Samsung has some competition -- LG is reportedly working on a foldable phone to be released sometime next year. In fact, the company is said to have outfitted one of its factories to mass produce these foldable phones.
The latest data from IDC is in, and Apple continues its lead over its competitors in the smartwatch market. Even so, the company saw a steep decline year-over-year, and the market as a whole saw a decline.
The LG V10 was a welcome surprise last year, and LG might be looking to spruce up its mobile division with the launch of the V20 this fall. That would pit the device against Samsung's Galaxy Note 7, the iPhone 7, and Google's Nexus devices.
According to J.D. Power's 2016 Smartwatch Device Satisfaction Report, Apple garnered the highest customer satisfaction score with its Apple Watch smartwatch. However, the likes of Samsung and Sony are not too far behind.
According to its regulatory filing, LG expects its highest operating profit in two years. Unfortunately, the company's mobile division is expected to continue its ongoing struggles for the fifth consecutive quarter.
LG and VW announced a development collaboration on what the two companies referred to as the "next-generation platform" of car connectivity. They are targeting the ability to connect to and control your smart-home systems from future VW…
Now that the British public has chosen to exit from the European Union, the decision might negatively impact Samsung's, LG's, and Acer's businesses in the region. This might even force Samsung and LG to leave the U.K.