Welcome to the LG news hour. Let me run through things super quick: LG is launching a couple new budget line devices at IFA, the L Fino and L Bello, they will also be launching a new smartwatch, the G Watch 2 or possibly G Watch R, for 'round', be careful plugging in your G3, you might crack the casing, the G2 is to get an updated UI by the end of the year and LG promises the G2 will get the Android L update into 2015.
That is a lot to digest. Let's break it down: