LG Touts 100,000 V50 ThinQ 5G Units Sold in South Korea
Despite the lack of widespread availability of a 5G network, LG has reportedly been able to move a decent number of their V50 ThinQ 5G smartphones in its homeland. The device, which went on sale at Verizon stores late last week here in the U.S., has been snatched up by 100,000 South Korean early adopters, the tech firm reported—quadruple the sales of its predecessor, the V40, last year.
According to LG, it’s more than just the 5G radio chip in the device that’s attracting consumers to the phone. Additionally, the company believes consumers are impressed by the phone’s smooth rear glass design and performance enhancements that are lead by an improved cooling system.
Still, it’s the 5G story that’s driving adoption of this device and others in the category across the globe. Consumers are intrigued by the concept of 5G, even if it’s still relatively nonexistent when compared to 4G LTE signals. The V50, for example, originally launched as an device exclusive to Sprint’s network here in the U.S. on May 31. Consumers in the Atlanta, Dallas, Houston, and Kansas City markets would’ve been able to access a 5G signal in those markets at the time, with Los Angeles, New York, Phoenix, and Washington joining the list later this year, but that’s still just single digits as far as the number of metropolitan areas.
That said, the early excitement around 5G phones has to be an encouraging sign for manufacturers, including LG. In a statement announcing the early success of their V50 ThinQ, LG noted its work obtaining 5G patents. According to TechIPm, a leading U.S. patent analysis agency, LG maintained a definite edge over its competitors in the 4G (LTE / LTE-A) standard patent category, ranking first in each of the past five years. And according to patent law firm WISPRO, the firm looks to be the early leader in 5G patents as well, already having the most 5G-related patents registered with the U.S. PTO.
“Already with a significant advantage in 5G patents, LG has an excellent opportunity to remind the global smartphone market of the strength of its technology and ability to innovate,” Park Won-jae, an analyst at Mirae Asset Daewoo, said in the statement.