Cat's out of the bag.
The LG G2 was first announced in early August, but it looks like LG won't be waiting for the one-year mark before announcing this year's flagship phone. The company has confirmed that the rumored LG G3 will be released before the end of June.
The news was revealed in a statement about LG's first quarter financial results. The company announced that smartphone shipments were up 19 percent compared to last year and revenues increased 6 percent, but added that revenue is expected to grow even further with the release of the G3 in Q2.
"The LG Mobile Communications Company shipped 12.3 million smartphones in the first quarter — comprising 75 percent of all phones shipped — an increase of 19 percent from the same period the previous year," LG said. "Revenues of KRW 3.41 trillion (USD 3.19 billion) increased 6 percent year-on-year and operating profit margins rose quarter-on-quarter due to the launch of G Pro 2 in the domestic market and more efficient marketing spending. Higher revenues are expected in the second quarter with the release of the flagship LG G3 smartphone and wider roll-out of the mass-tier L Series III."
We've been hearing talk of the G3 for a while now. If the rumors are to be believed, the hero feature of this device will be the Quad HD display with a resolution of 2360 x 1440 pixels. LG talked about a Quad HD smartphone display last August, around the same time as the G2 launched. Measuring 1.21 mm thick with a 1.2 mm bezel, the 5.5-inch panel is 12 percent thinner than the 5.2-inch panel on the G2 and packs 534 ppi.