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LG Velvet official price tag revealed; costs over $700!

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LG’s upcoming mid-range phone has been in the news a lot lately, thanks to LG’s refusal to keep a sealed lip on the features and specifications of the device. Now the manufacturer has revealed the price of the phone which is known as LG Velvet.

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LG VELVET

The LG Velvet is an upper mid-range 5G phone that is the first to adopt a new design. The Snapdragon 765-powered smartphone will sell for a whopping KRW 899,800 (~$735/₹55,745)!

That sure is pretty expensive for an upper mid-range phone but the LG Velvet is practically a flagship with an upper mid-range chipset. There are a number of flagships released this year that sell for around the same price and even lower.

LG has included an “attractive offer” for buyers in its home country. LG says it will sell the device for half its price if the buyer agrees to return the phone after 24 months to purchase another LG device.

The LG Velvet will pack a 6.8-inch curved Cinema FullVision display with a waterdrop notch and support for HDR10. It has stereo speakers, 48MP triple rear cameras, and a 16MP selfie camera. The Snapdragon 765 processor is paired with 8GB of RAM and 128GB of expandable storage It also has an IP68 rating, NFC, an in-display fingerprint scanner, and a 4300mAh battery with support for wireless charging and Quick Charge 4+.

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It remains to be seen if the aforementioned specifications will convince buyers to overlook the processor and shell out such an amount for the LG Velvet. However, we think it would be more convincing to buy if the phone actually shipped with the LG Dual Display accessory and stylus but those have to be purchased separately.

UP NEXT: LG has released worlds largest OLED TV, features an 88-inch 8K display

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