LG Electronics has announced second-quarter 2024 consolidated revenue of KRW 21.69 trillion and (€14.4bn) operating profit of KRW 1.20 trillion, reflecting an 8.5 per cent year-over-year increase in revenue and a 61.2 per cent surge in operating profit. These figures mark new records for the highest second-quarter revenue and operating profit in the company’s history. […]
LG Electronics (LG) is set to begin the global rollout of its new OLED evo M4 series TV with the accompanying Zero Connect Box that provides wireless connectivity between the TV and the receiver. The company is presenting the new model in 65, 77, 83 and 97 inches. Powered by the LG α (Alpha) 11 […]
LG Electronics has announced first-quarter 2024 consolidated revenue of KRW21.09 trillion (€0.014tn) and operating profit of KRW1.33 trillion. The company’s home appliance sector achieved record-breaking revenue and double-digit operating profit margins. The EV components sector, a key driver of future growth, continued its steady expansion. Both the TV and business solutions sectors experienced year-on-year sales […]
LG Display has reported its Q4 numbers bouncing back into positive territory with its first operating profit in seven quarters, helped by rising shipments of panels for TVs and smartphones. LG Display, a major manufacturer of display panels, reported an operating profit of 131.7 billion won (€90.2 million) for Q4 2023, compared with an operating […]
According to data from DSCC (Display Supply Chain Consultants) there will be a meaningful recovery in the sale of some advanced, high-end and smart TVs as this year unfolds. Advanced TV shipments declined in both units and revenue in 2023, but both units and revenue are forecasted to resume growth in 2024, according to the […]
Both LG and Samsung have showcased their latest ‘See Thru’ transparent displays at CES. LG’s Signature-brand OLED T models comprise a transparent screen with a rollable opaque film behind that LG describes as a “contrast screen” which creates the viewable and conventional OLED images. The appeal of the transparent screen is that with the contrast […]
LG Electronics has announced organisational changes in another step towards achieving its Future Vision 2030 announced in July. The company says the changes “are being implemented to strengthen organisational capabilities and business competitiveness to realise the vision of transforming into a smart life solution company that connects and expands various spaces and experiences of customers […]
Rollable TVs, first introduced by LG, are not quite mainstream but forecasts from market research company The Brainy Insights suggests the market will grow to surpass $4.75 billion (€4.4bn) by 2032 at a CAGR of more than 36 per cent. “Due to the fact that the manufacturing process for rollable TVs is not entirely automated, […]
World’s largest IFE OLED screen proposed By Chris Forrester A proposal for an 8ft screen (97”) for airlines has been submitted to the Federal Aviation Administration (FAA) for approval and certification. The plan is to install the screens into private VIP aircraft, and integrated into an airplane’s structure in place of conventional windows. The application […]
China’s giant display manufacturer Beijing Oriental Electronics (BOE) has been hit by South Korea’s Samsung over alleged patent infringements on its Smartphone OLEDs. The move indicates Samsung’s determination that they will take strong measures to protect their technology. This comes at a time when Chinese-made products are increasing their presence in OLED, the improved and […]