LG Electronics is planning to unveil five new-mid range smartphone at the CES 2017 slated to be held in Las Vegas in January next year.
LG had announced on December 22 to add new mid-range smartphones in its K-series— the K3, K4, K8 and K10, along with the Stylus 3, which will come with a stylus pen. Although, the company has not disclosed the pricing details of any of the handsets, they are expected to range between $166 and $332 (approximately Rs 11,000 to Rs 22,000).
According to analyses done by Counterpoint Research, LG smartphones shipment declined 1.4 million in the third quarter this year compared to last year.
Since the major high-end smartphone market is largely occupied by Apple and Samsung Electronics. LG has decided to play in the mid-priced smartphone market space, which could help it increase its sales in the industry.
