LG's New Flagship Phone, Optimus G, Coming to the U.S. By End of Year

It was the September smartphone event you all haven’t been waiting for: LG’s new flagship phone, the Optimus G.

As expected, the electronics company showed off its latest Android-powered smartphone at a New York City press event today, a day after LG unveiled the phone in Korea.

It might not be the new iPhone, but this is far from a budget phone. As my AllThingsD colleague Bonnie Cha writes, the 4G LTE, NFC-equipped phone is powered by Qualcomm’s quad-core Snapdragon S4 Pro processor, which promises speed, power and longer battery life. It has a 4.7-inch, 1,280 by 768-pixel HD touchscreen, a 13-megapixel camera on the back and a front-facing 1.3-megapixel camera. It’s running on Android’s Ice Cream Sandwich operating system â€" not the latest flavor of Android â€" and a feature called the QSlide lets users work in two screens at the same time.

The LG Optimus G goes on sale in Korea next week and will launch in other “key global markets” in October. It will come to the U.S. in the fourth quarter of this year, LG said today. Its exact price is still unclear.

But the question for LG isn’t necessarily whether this is a good phone; it’s how LG plans to market this phone in an increasingly crowded Android market, and with at handful of formidable smartphone competitors hitting stores this fall, including Nokia’s new Lumia phones, the Samsung Galaxy S III and, oh yes, the iPhone 5.

LG in recent months has tried to strike at both the low end and high end of the smartphone market; at Mobile World Congress in Barcelona earlier this year, the electronics maker showed off three phones called the L3, L5 and L7, which run on varying flavors of Android, as well as a range of high-end models, including a 3-D phone and the large-screened LG Optimus Vu. (The Optimus Vu came to the U.S. market this month as the LG Intuition, offered through Verizon Wireless.)

In April, the company launched the $ 99 Sprint-offered, family-friendly, LTE Viper phone, first announced at CES this past January.

In a recent comScore report on the U.S. mobile market, Samsung led the handset manufacturing market with 25.6 percent share. LG followed with an 18.8 percent share, down half a point, and Apple came in third with a 15.4 percent share, edging up 1.4 points from a previous report.