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BusinessDay 21 Sep 2017

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20<br />

BUSINESS DAY C002D5556 Thursday <strong>21</strong> <strong>Sep</strong>tember <strong>2017</strong><br />

Retail & Consumer Business<br />

LG excites consumers with its newest technology<br />

There is no doubt<br />

<strong>2017</strong> has been an<br />

interesting year for<br />

consumers of electronic<br />

products all<br />

over the world, as the finest<br />

of innovative breathtaking<br />

products were introduced<br />

into the market ranging from<br />

OLED televisions to washing<br />

machines, sound systems,<br />

robotic technologies, air conditioning<br />

units, refrigerators<br />

among others.<br />

Leading electronics companies<br />

are choosing to bring<br />

consumers up to speed with<br />

imminent technologies, their<br />

benefits as well as the significant<br />

difference they are<br />

expected to make in their<br />

day to day lives. One of such<br />

companies is LG Electronics<br />

with its smart ecosystem and<br />

user-centric products.<br />

Every year, technological<br />

advancements are witnessed<br />

here and there with appliances<br />

evolving every day to<br />

meet the unending needs of<br />

average consumers. This has<br />

kept companies on their innovative<br />

toes gazing into the<br />

crystal world of technology to<br />

predict what would likely be<br />

the next user trends and how<br />

to meet it.<br />

It is in this light that LG<br />

Electronics has carved a niche<br />

for itself as a company that<br />

is ever ready to push a little<br />

further beyond the precincts<br />

of innovation and altering<br />

known conventions. Obviously,<br />

it has resulted in the<br />

designing of mind blowing<br />

products, one of which is<br />

the InstaView Door-in-Door<br />

refrigerator with knock code<br />

and an inverter linear compressor<br />

boosting overall energy<br />

efficiency.<br />

InstaView Door-in-Door<br />

has impressed media and<br />

industry insiders alike with<br />

its never-before-seen 33-inch<br />

sleek glass panel and array of<br />

innovative features. In addition,<br />

the interior is illuminated<br />

when the panel is knocked<br />

on twice. This allows users<br />

to see inside without ever<br />

opening the door or wasting<br />

cold air, transforming the way<br />

consumers use refrigerators<br />

from an appliance they have<br />

to open to see what’s inside to<br />

one they can see inside before<br />

opening.<br />

Moreover, the spacious<br />

Door-in-Door compartment<br />

allows users to easily store<br />

frequently accessed snacks<br />

or beverages. The refrigerator’s<br />

storage space can be<br />

effortlessly accessed using<br />

the hidden button under the<br />

refrigerator door while also<br />

granting users a wider view<br />

of the items stored inside, offering<br />

the utmost in flexibility<br />

and convenience. By reducing<br />

Life in Recession<br />

How Nigerians are struggling to survive<br />

If you want to contact the writer of this story<br />

call: +234(0) 803 889 1567, +234(0) 802 223 8495.<br />

chinwe.agbeze@businessdayonline.com<br />

cold air loss by up to 41 percent,<br />

the compartment keeps<br />

food fresher longer.<br />

Early this year, we saw<br />

the introduction of impressive<br />

collections of robotic<br />

technology from LG which<br />

includes; Lawnmower Robot,<br />

Hub Robot, Hom-Bot,<br />

Airport Robot and Airport<br />

Cleaning Robot. This has<br />

clearly placed it far ahead of<br />

its competition as a dynamic<br />

and adaptive technological<br />

leader. For instance, the<br />

Hom-Bot combines powerful<br />

cleaning performance with<br />

home security features and<br />

DeepThinQ technology allowing<br />

vacuum to adapt to its<br />

routine as it cleans the house.<br />

While the Airport robot on<br />

the other hand is designed<br />

basically with travellers in<br />

mind, answering questions<br />

in a number of languages in<br />

order to streamline air travel.<br />

As industry watchers look<br />

forward to LG Electronics<br />

newest innovative products<br />

as the year gradually winds<br />

down, the V30 is obviously<br />

one of the products to look<br />

out for as it prepares to up<br />

the game in the evolution of<br />

premium smartphones with<br />

Dollar a day<br />

Sweeper says paying children’s school fees is her greatest worry<br />

Name: Beauty Japhet<br />

State of Origin: Delta<br />

State<br />

Dependents: Three children<br />

Business: I sweep people’s<br />

compounds for a living<br />

and I have been doing this<br />

business for seven years<br />

now. I also do laundry jobs<br />

but that does not come<br />

often.<br />

Currently, I sweep three<br />

compounds all in Ikotun<br />

area of Lagos but because of<br />

the situation in the country,<br />

some people still owe me<br />

while others say they no<br />

longer need my services.<br />

My husband was into<br />

sliding doors and windows<br />

but he went back to the village<br />

two years ago in search<br />

of another job. Business had<br />

been bad for him and he<br />

could not get another job in<br />

Lagos but since he travelled<br />

back to the village he has not<br />

found any job. He only calls<br />

once in a while to check on<br />

us when he has money to<br />

buy airtime which in once<br />

in many months.<br />

Profit: I sweep three<br />

compounds thrice in a<br />

week. In one of the compounds,<br />

I’m paid N2,000<br />

monthly and the other two,<br />

I get paid N2,500 and N4,000<br />

monthly but I’m still being<br />

owed.<br />

Sometimes people call<br />

me for laundry jobs and<br />

pay me between N300 and<br />

N1,000 depending on the<br />

quantity of the clothes. I also<br />

clean people’s houses but<br />

it’s once in a while.<br />

I hardly get favours like<br />

before and people are not<br />

Beauty Japhet<br />

Analysts: Chinwe Agbeze, Stephen Onyekwelu<br />

so many first to its advantage<br />

like; the first F1.6 aperture<br />

camera lens, the first glass<br />

Crystal clear lens; the first<br />

OLED full vision display; Cine<br />

Video mode for producing<br />

movie quality and so many<br />

other features on it.<br />

When it is eventually<br />

launched, the V30 will be the<br />

first global smartphone to support<br />

MQA (Master Quality Authenticated)<br />

technology which<br />

allows streaming of high-resolution<br />

audio. This technology<br />

enables it to capture the sound<br />

of original studio master and<br />

folds into smaller file to make<br />

high-resolution audio easy to<br />

stream. The much anticipated<br />

LG V30 is an improvement<br />

from the V phone series with<br />

new mobile experience and<br />

optimal multimedia features.<br />

Taeick Son, managing director,<br />

LG Electronics West<br />

Africa operations, said: “LG<br />

will continue to give the<br />

industry something to talk<br />

about as far innovation is<br />

concerned.<br />

‘‘Right from the beginning<br />

of the year, we have churned<br />

out cutting-edge technological<br />

products to ensure<br />

that our consumers are expectations<br />

are fully met. For<br />

the remaining part of the year<br />

we will definitely, introduce<br />

more mind blowing products<br />

that will shake the industry I<br />

giving me gifts the way<br />

they were giving me last<br />

year. They called me more<br />

last year for laundry jobs<br />

than this year. After working<br />

for people, when it gets<br />

to the time to pay, they will<br />

start complaining saying<br />

they don’t have money to<br />

pay. I cannot pay my children’s<br />

school fees now and<br />

feeding is even another<br />

problem.<br />

School fees: I have not<br />

paid my children’s school<br />

fees since <strong>Sep</strong>tember last<br />

year. Out of pity, the proprietress<br />

of Heritage Nursery<br />

and primary school in Abaranje,<br />

my children’s school<br />

does not collect school fees<br />

for my daughter who is in<br />

Nursery two. She told me<br />

to pay N15,000 for the fees<br />

of my two children but still<br />

can assure you of that.”<br />

The next generation of<br />

smartphone will need to expand<br />

beyond the camera and<br />

the display and focus on the<br />

whole experience of content<br />

generation and consumption<br />

including connectivity<br />

and audio. The camera is no<br />

doubt one area innovation is<br />

transforming the smartphone<br />

market today.<br />

The V30 is supported by<br />

Optical Image Stabilization<br />

(OIS), Electronic Image Stabilization<br />

(EIS) and Hybrid<br />

Auto Focus that combines<br />

both Laser Detection Auto<br />

Focus and Face Detection<br />

Auto Focus. Consumers are<br />

already salivating for the next<br />

technological products that<br />

will shape the years ahead<br />

with regards to LG Electronics<br />

their trusted brand.<br />

With the V30 photo capturing<br />

will be more advanced<br />

with users able to select professional<br />

images from the<br />

Graphy website or mobile<br />

app and apply the same presets<br />

such as white balance,<br />

shutter speed, aperture and<br />

ISO to photos taken with<br />

the V30. This is in line with<br />

what analyst have predicted<br />

about the next generation of<br />

devices focusing on features<br />

that would allow consumers<br />

to be more productive with<br />

their phones.<br />

I still cannot afford that.<br />

The location of the public<br />

school is far from our<br />

house and my children are<br />

still very tender.<br />

House rent: My landlord<br />

has been on my neck to pay<br />

the rent or vacate his house<br />

but I’m still begging him<br />

hoping that my debtors will<br />

pay me so I can pay part of<br />

what I owe him. I pay N2,000<br />

every month and the last<br />

rent I paid was in June last<br />

year.<br />

Challenge: I want my<br />

children to go back to school<br />

because education is more<br />

important. If I had gone to<br />

school, I won’t be a sweeper<br />

and life would have been<br />

better for my family. I also<br />

want to start selling foodstuff<br />

because it’s a very profitable<br />

business.

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