New LG smartphone to rival Samsung Galaxy S3, iPhone 5

LG will unveil a new smartphone in September according to a report published by South Korean newspaper, Chosun.

The article claims that LG Electronics' chairman, Koo Bon-Moo, will lead the development and that the parts will be sourced from LG Display, LG Chem and LG Innotek.

LG Chem makes Lithium Ion batteries, display and optical films as well as printed circuit materials while Innotek builds a number of components for mobile phones from vibration drives to complete camera units. Both LG Display and LG Chem provide parts for Apple's iPhone among other devices.

The smartphone will feature a quad-core processor and a camera with a 10+ megapixel sensor. LG already has a quad-core smartphone - the Optimus 4X HD, which was launched earlier this year and has not been as successful as the Galaxy S3 from the company's archrival, Samsung Mobile.

The Optimus 4X costs less than £400 in the UK and comes with a quad-core Nvidia Tegra processor, 1GB of RAM, a 4.7in True HD IPS LCD display with a 1,280 x 720 resolution, Android 4.0 Ice Cream Sandwich, a 2150mAh battery, an 8-megapixel rear camera and a 1.3-megapixel front facing one.

Source : Chosun