LG Electronics has sent out invites to an event on May 27, at which the company is expected to launch its next flagship smartphone, the G3, as well as the Android Wear-based G Watch. The event will take place simultaneously in London, New York and San Francisco. The invite has the tag line "To be simple is to be Great," with the G in the same font as LG uses for its G family of products, hinting that the company is indeed launching a successor to the G2. Also, when presenting its first-quarter financial results, the company said it would launch the G3 during the second quarter. HTC, Samsung Electronics and Sony have already launched high-end smartphones this year, but LG has decided to wait a couple of months more. But looking at the G3's rumored specifications, it might turn out to be worth the wait. For example, the smartphone's display is expected to have a 2560 x 1440 pixel resolution and 3GB of RAM, instead of 1920 x 1080 pixels and 2GB.