LG Electronics lost its final appeal against the ruling of European Union and has been asked to pay more than EUR 540 million.
The European Commission (EC) in 2012 had slapped seven top electronics companies with total EUR 1.5 billion for running up a price-fixing cartel for cathode ray tubes (CRTs).
Philips took the harshest penalty of €313.3 million, followed by a €295.6 million fine for LG. The companies were also hit with an additional €391.9 million penalty for the conduct of their joint venture.
Samsung was penalized €150.8 million, Panasonic got hit for €157.5 million and the other offending companies received smaller fines ranging from €7.8 million to €86.7 million.
The commission stated the fact that the companies had fixed prices, shared markets, allocated customers and restricted the output of color display tubes used in computer monitors and color picture tubes used in television sets.
Between 1996 and 2006, the EC said, the companies manipulated the market for cathode ray tubes, the central component in most older televisions and monitors.
CRT-based displays have largely been replaced by monitors using liquid crystal display and plasma technology in recent years, and the decline of the technology was one of the driving forces behind the cartel.
Source: NDTV , Law 360
Image Source: The IPKat
Samsung Electronics Co Ltd is allegedly in talks with LG Chem Ltd to make LG one of its smartphone battery suppliers. Chosun Ilbo newspaper on Monday reported –“a move that would diversify its supplier base after the failure of its Galaxy Note 7”.
Currently, Samsung Electronics, the world’s top smart phone maker solicites Note batteries from China’s Amperex Technology and a group firm Samsung SDI.
An industry official was quoted in Chosun Ilbo saying that more than a 90 percent chance was there of a deal being struck and added that Samsung Electronics would likely begin using LG Chem batteries in their final products from the third quarter of next year.
Officially LG Chem spokesman was not ready to comment, while the Samsung Electronic spokeswoman did not give an immediate comment on the same.
Not long ago, in early September this year, Samsung Electronics declared a recall of 2.5 million fire- prone Note 7s, due to a defect in the Samsung SDI battery. Later, in October the production of $882 device was shut down as the battery in replacement phones developed by China’s Amperex Technology also started catching fire.
At the moment LG Chem only makes phone batteries for US based company Apple Inc and its affiliate LG Electronics.
Source : NDTV, Business Insider
On Wednesday, LG announced that its latest model of LG V20 will become the first smartphone to have the pre-installed new version of Google Android 7.0 ‘Nougat’. The latest version of android will feature new specifications such as multi-window option, better battery life and also the flexibility to reply to messages directly from the notification bar. Though Android Nougat has already been rolled out for Nexus smartphones, this is the first device to come with Nougat already installed.
The new LG V20 comes with a main 5.7-inch QHD IPS Quantum display (2560 x 1440 pixels) with 513ppi, plus a secondary screen, previously seen in LG V10. The phone also comes with double rear cameras (8 megapixels + 16 megapixels), where the 8-megapixel camera has a 153-degree lens and the 16-megapixel camera includes a 175-degree lens for better 3D quality. LG V20 has an aluminium body and Silicone Polycarbonate (Si-PC) protection against moisture and fall. The front of the smartphone has a 5-megapixel camera which has an auto-face detection feature and hybrid auto-focus and also features a fingerprint scanner.
The device is powered by a Qualcomm Snapdragon 820 processor with 4GB RAM and 64GB ROM (expandable up to 2TB via microSD card). Additionally, the V20 promises higher-quality audio playback and recording, with reduced background noise.
The LG V20 phone comes on the eve of the San Francisco event where Apple iPhone 7 is also expected to launch worldwide.
Sources: The Hindu.
We all may be the great fans of technology and culture but have you ever wondered what it is to look at the new collection of mobile phones which comes every year? These phones are in the absolute position to give you all the latest upcoming information of trends and fashion. Here are some mobile phones which people can look forward to buy in the year 2016:-
Apple iPhone 6s:-Though the phone has already been launched in the market, there have been major key changes in the phone and its features. There are some major key changes in this amazing and new iPhone 6s which also has a new Rose Gold color option and is equipped with a 12Mp iSight camera with good support for 4K video recording. There is also an app called Live Photo which is a fun new feature, with the iPhone having a recording of a second and a half of video on either side of the still image to eventually help it come to life. iOS 9 is a device which will come preinstalled on the device of new iPhone, and there’s also a new 3D Touch screen that can even differentiate between a light and hard tap, thus allowing you to ‘peek’ and also ‘pop’ into content. The screen is thus, otherwise the same, attached with a 4.7in Retina HD screen with 326ppi.
LG G5 :-This much awaited phone would make an entry in the market by the end of spring 2016. Also, obviously very little would be known so far about the very LG’s next flagship, but we would have also heard that the company which is working with Irience to bring a stable touch of an iris scanner to the G5. What adds something of a surprise is that the LG G4 doesn’t even tend to feature a fingerprint scanner. This isn’t something like of a brand-new tech. Actually in the phone, there is an UMI Iron phone in front which is equipped with the same iris-scanning technology, but it will also then bring the iris scanning in front of a large UK audience for the very first time. It also has a larger battery life.
Samsung Galaxy S6 and Galaxy S7 edge:- This phone is a brilliant product from the series of Samsung, and also a lot of intrigue has been built in its Samsung Galaxy S6 Edge . The phone is set to be launched in the year 2016. It has sincethen unveiled the very Samsung Galaxy S6 Edge+ phablet. Samsung phone also doesn’t rest on itsamazing laurels too long, though also in the month of March 2016 at Mobile World Congress, people will be able to see the new Samsung Galaxy S7 which is also revealed . There is even potentially alongside a quite new Samsung Galaxy S7 Edge.
Thus, these are the upcoming phones which have been making a buzz in the market for the next year. Be all excited to see the launch and try to covet them as soon as you can.