LG Electronics

Two 'LG Electronics' stories August 2012 - January 2013

LG takes 2nd place from Apple in US handset market for first time since 4S launch

The iPhone may have recently captured a record 53 percent of the U.S. smartphone market. However, when it comes to its steady second place position in the U.S. handset market (smartphones and feature phones combined), a new report claimed LG bumped Apple to third position during December on strong sales of its Optimus G.

Yonhap News covered the report from Hong Kong-based Counterpoint Research, which said on Sunday that LG captured 13 percent of the U.S. market last month, bumping Apple to third place for the first time since the launch of the iPhone 4S. Apple recorded 12 percent of the market, which puts both Apple and LG well behind leader Samsung at 33 percent. LG recently announced sales of 1 million units for the Optimus G worldwide, but it’s unclear if the LG-made Nexus 4 from Google was a significant contributor to the company’s rise during December.

LG Electronics had maintained the runner-up position until the third-quarter of 2011 but fell to third place after Apple’s iPhone 4S hit the market… Market insiders attributed LG Electronics’ sales growth to the popularity of its latest Optimus G handset, with over 1 million units sold across North America.

Apple joins Google, Samsung and other adversaries to buy Kodak patents, perhaps signaling intent to curtail litigation

It must be a cold day in Hell. Apple is consorting with Google, Samsung, LG Electronics, and various ventures and firms to bid as a group on Kodak’s intellectual property.

Kodak filed for bankruptcy protection in January, according to The Wall Street Journal, and it is looking to auction its patents to raise money for surviving a Chapter 11 court protection. Kodak could barter all 1,100 digital photography-based patents or end the auction without a deal, as the company announced it would name the winning bidders on Monday but eventually pushed the deadline upon talking with creditors.

Negotiations and the bidding group’s composition are fluid, the people said. If the consortium reaches a deal to buy some or all of Kodak’s patents, they would essentially be kept out of any one company’s hands and could prevent consortium members from using them in litigation against each other. A deal, however, could also attract attention from federal antitrust regulators.
A deal for the entire portfolio—one of many options under discussion— could fetch more than $500 million based on recent negotiations, people familiar with the process said. That is well above opening bids when the auction started last week, but far below the $2.2 billion to $2.6 billion Kodak at one point said the patents could be worth.
In a statement Thursday, Kodak said discussions with buyers are active and that it isn’t ready to announce a result. The company added that it might decline to sell some or all of the patents, depending on how the auction progresses.

Photography and cameras are obviously a main feature of mobile devices. Competitors in the tech arena have joined forces in the past to snatch up attractive patents, but The Wall Street Journal noted it is “unusual for them all to join the same camp.”

Patent law whiz Michael Carrier, of Rutgers University in Camden, said the companies would not suffer antitrust issues if the tech giants commit to licensing on reasonable rates. Otherwise, an action such as dividing the patents without sharing the rights to use them could likely meet legal trouble down the road.