LG has recently upgraded one of its devices called LG G3. In particular, the device became waterproof and dirtproof according to the standard known as IP67. The South-Korean tech giant decided to follow the way of its multiple counterparts, including Sony and Samsung, which turned this into a tendency.
Apparently, this is a good decision since such devices deserve more trust and consequently enjoy greater demand worldwide. According to the standard, the mentioned smartphone can actually be put up to 1 meter deep into water for 30 minutes without any harm.
For example, Sony focused on creating waterproof and dirtproof mobile devices, promoting them as devices for travelers and extremals. So, LG realized this is a good idea to consolidate its position in the industry.
Still, LG's stock is still showing signs of weakness. Traders and investors doesn't seem to be reassured by the news. Maybe the news will be priced into the stock in the near future. Especially if LG continues the tendency. The rally has been slow but steady. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of LG:
