LG G6 concept.
After LG lose big with the LG G5 ($67 million) , the company needs to blow the competition and will adopt several new technologies, including iris recognition and mobile payment for its upcoming flagship smartphone, G6.
LG recently unveiled a new type of all-in-one module that could serve as both a camera and an iris scanner at the Korea Electronics Show in October. Industry sources predict the technology is likely to be applied to the G6 considering its bigger competitor Samsung’s latest moves to adopt iris recognition in its new devices.
G6 is also reported to adopt a mobile payment system, dubbed LG Pay, using Magnetic Secure Transmission, or MST solution, similar to Samsung Pay.
The MST solution allows for easy payment by touching a smartphone to magnetic card readers used in most retail stores.
LG is also expected to ditch the non-removable battery, which was adopted in the G5 model. It will instead use a removable battery.
“Unlike strong sales in home appliances and television, LG posted historical losses from its mobile communication unit this year. For a rally in shares, the rebound from G6 is important next year,” said Kim Ji-san, an analyst at Kiwoom Securities.
Noh Keun-chang, a senior analyst at HMC Investment Securities, said, “The speed of loss reduction in the MC unit is critical next year as the TV profitability may go down due to the price stabilization of LCD panels.”