LG Electronics to release 'iPhone rival' in U.S.

"LG Electronics Inc., the world's fourth-largest handset maker, said Thursday it will release a new touch-screen mobile phone in the U.S. in order to compete with Apple Inc.'s latest iPhone models.The LG-VX9700 model, nicknamed "Dare," will be launched Thursday in the U.S. through Verizon Wireless, and sell for US$199.99, the South Korean company..

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