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"In the global market, the competition is getting fierce in the mobile business which includes smartphones," LG said in a statement late on Wednesday.

Samsung, the world's largest smartphone and TV vendor, said it aims to actively cope with social and economic changes induced by the COVID-19 pandemic

Samsung, the world's largest smartphone and TV vendor, said it aims to actively cope with social and economic changes induced by the COVID-19 pandemic

A software update for the LG Wing is rolling out through Verizon. It brings with it the November 2020 Android security patch, reports GSMArena.

In April, LG indicated in a support document that it planned to add AirPlay 2 and HomeKit support to some of its 2018 smart TVs by October 2020.

The new LG Velvet is priced in India starting at Rs 36,990, whereas the LG Velvet Dual Screen combo is priced starting at Rs 49,990.

The LG W31 costs Rs 10,990 while the smartphone with the highest memory, the W31+, will be available for Rs 11,990.

Analysts expect migration to 5G in the local market to pick up with the release of the new iPhone, considering Apple's popularity in South Korea, Yonhap news agency reported.