The Finnish company said it would also get a one-off payment, although it did not disclose any of the sums involved. The companies had started the arbitration in 2015.
The Finnish company did not disclose details of the award but said that it would book revenue, as well as a non-recurring catch-up payment, starting from the third quarter.
LG electronics India (LGEI) has plans to add more products into the B2B segment in the coming years besides strengthening its present line of display solutions and chillers and VRV for industrial and commercial cooling.
The G6 will retail in India for Rs 51,990 which implies that from sale of up to 12,000 units a month, the company is estimated to clock business of about Rs 499 crore in 2017.
LG, in a statement, said its appliances division is preparing the firm's entry into the robotics industry with the aim to develop products that will work closely with home appliances products such as refrigerators, washers and air conditioning units.
Advertising watchdog ASCI has pulled up Patanjali Ayurved, HUL, PepsiCo, Britannia, Pizza Hut, Amazon, LG Electronics, Voltas, Axis Bank, AirAsia and Flipkart, among others, for running misleading ad campaigns.
LG said its V20 device, successor to the V10 that went on sale in October last year, will be the first product to run on Google's latest version of its Android mobile operating system called Nougat at launch. The company did not disclose further details on the V20.
The South Korean giant will disclose its estimates for second-quarter earnings on Thursday, with analysts predicting a strong mobile division contributed to a 13 percent jump in operating profit from the same period a year earlier.
The world's No.2 television maker behind Samsung Electronics Co Ltd said the July-September profit was 294 billion won (USD 257.43 million), down from 465 billion won a year earlier.
Speaking at a launch event for the new V10 smartphone, LG mobile division chief Cho Juno told reporters the firm will use the high-end device as well as new mid-to-low tier products to boost market share.
Worldwide sales of smartphones to end-users totalled 329.67 million units, an increase of 13.5 percent from 290.38 million units in the same period in 2014, Gartner said in a statement.
LG Display Co, a supplier to Apple Inc, said that over the next three years it plans to spend 10 trillion won (USD 8.4 billion) on future displays including OLED, flexible displays and high-end LCD screens. It did not give breakdown figures, saying the size for each type of display will hinge on market situations.
LG Electronics is the latest of more than 60 licensees for Nokia's 2G, 3G and 4G mobile communication technologies and the first major smartphone manufacturer to join the licensing program since Nokia divested its Devices and Services business to Microsoft in 2014.
In terms of overall mobile phone market (smartphone and feature phone), sales grew 2.5 percent to 460.2 million units in the reported quarter from 448.9 million units in March 2014 quarter.
Apple Inc is also widely expected to launch its new iPhone with a bigger screen this year.
Curved displays and flexible screens are the new battleground for phone makers as the screens open up possibilities that could eventually transform the high-end smartphone market.
On the back of a flat session on Monday, will the Nifty hold on to its high of 6,200 in today's trading? Earnings from Cairn India, Yes Bank and ING Vysya Bank are awaited.
Microsoft Has Become the No. 3 smartphone OS overtaking BlackBerry, finds Gartner.
Samsung's market share expanded to 33.1 percent. Overall, the global smartphone market grew 47 percent to a record 229.6 million
It was a record quarter for the world's third-largest smartphone seller. LG Electronics' shipments have doubled in slightly more than a year and for the first time in more than five years, its shares are outperforming those of its big local rival.
The profit compares with 526.7 billion won a year ago and 349.5 billion won in the previous quarter.
Active-Semi www.active-semi.com, announced that LG Electronics Inc. is the major new investor in a round of strategic funding that will accelerate the development of power semiconductor solutions ideally suited for LG Electronics' diverse lines of industry-leading electronic products.
Sony Corp expects smartphone sales to rise by more than a quarter to 42 million in the current year to end-March.
Another one to join the now popular 'smart watch' bandwagon is none other than Google. CNET report ...
LG Electronics today unveiled what it calls "the worlds smallest wireless charger" at the Mobile World Congress in Barcelona. The WCP-300 is only 6.9cm in