UPDATE : 2018.11.17 SAT 17:21
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LG releases G7 ThinQ in South America

LG Electronics Inc. said Tuesday it has started sales of its latest G7 ThinQ smartphone in the Central and South American markets as it expands overseas sales of the flagship device.

The South Korean tech giant said the G7 ThinQ reached Brazil and Mexico last week, claiming the new device now has presence in major markets around the globe including North America, Europe, and Asia.

Visitors take look at LG Electronics Inc.'s G7 ThinQ smartphone at an electronics shop in Sao Paulo, Brazil, in this photo released by the company on July 17, 2018. (Yonhap)

LG Electronics said the G7 ThinQ is expected to attract customers through its top-notch wide-angle camera and premium audio system.

The device was first launched in South Korea in May.

The company, which has been losing money from the mobile business, has been seeking to bolster overseas sales to revitalize its performance.

Despite posting record-breaking earnings from home appliances recently, LG's mobile operations have posted operating losses for the 12th consecutive quarter as of the January-March period of this year, except for a slight profit in the first quarter of 2017 through accounting adjustment.

LG Electronics took up 9.1 percent of the Latin American smartphone market in 2017 in terms of units, the data compiled by industry tracker Counterpoint showed. It marked a 0.9 percentage point drop on-year.

Samsung Electronics Co. took up 38.3 percent, followed by Motorola with 11.6 percent, Counterpoint data added. (yonhap)

Hillary Kang  edt@koreapost.com

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