The production of Nexus 4, the latest smartphone from Google Inc (NASDAQ:GOOG) has no problems, according to LG, who are responsible for manufacturing the device.
A spokesperson for LG said rumors indicating production problems of Nexus 4 were unfounded. In a statement to Chosun Ilbo, a newspaper in South Korea, the LG representative said, “Our domestic Pyeongtaek manufacturing plant has been producing the Nexus 4 without a hitch. There is no problem in supplying.” The spokesperson did not provide any clarity regarding the availability of the device.
The first London Value Investor Conference was held in April 2012 and it has since grown to become the largest gathering of Value Investors in Europe, bringing together some of the best investors every year. At this year’s conference, held on May 19th, Simon Brewer, the former CIO of Morgan Stanley and Senior Adviser to Read More
Google Inc (NASDAQ:GOOG) introduced the Nexus 4 last October and started selling the device on November 13th 2012, all the available devices were sold-out immediately. Consumers observe that it is difficult to order Nexus 4 on Google Play store because the supply runs out so fast.
A report from Digital Trends cited that LG and Google shipped approximately 370,000 units since the release of Nexus 4. The figure is based on the serial numbers decoded by enterprising fans of Nexus 4. Based on this discovery, buyers are wondering if LG is working at full capacity to meet the strong demand for the product. Some speculated that LG underestimated the demand for Nexus 4.
The report also cited a comment from Dan Cobley of Google UK last December that the “supplies from the manufacturer are scarce and erratic,” in response to a raised by consumers who experienced difficulty in ordering the device.
Nexus 4 is popular because it runs the naked version of the Android operating system, equipped with an elegant hardware design, 4.8-inch HD display, 8 mega-pixel camera, and a quad-core processor. The device is free from application services intrusion from the manufacturer and wireless carriers. Nexus 4 is the first to receive new features every time Google Inc (NASDAQ:GOOG) updates the Android operating system.
Google Inc (NASDAQ:GOOG) is offering the product for a low price at $299/$349 without contract. According to reports, Nexus 4 will be available at T-Mobile stores this month. Virgin UK is selling the Nexus 4 for £99 with a two years contract of £34 per month.