LG Electronics is planning to release its next flagship 'G6' smartphone a month earlier than usual in order to gain an advantage over competition.

The company is planning to release G6 at the end of February or early March. The previous G5 model was also released on the 31st of March.

LG is pushing forward the release date of G6 in order to increase the sales volume of the new device. The company's smartphone business has been posting losses for the last 6 quarters and the weak sales of the G5 model have made things worse since last year.

LG will also give up the modular design for the G6 device, and will focus on providing functions such as mobile payment, wireless charging and waterproof capabilities.