LG Electronics has announced first-quarter 2021 consolidated sales of KRW 18.81 trillion (€13.9bn) and operating profit of KRW 1.52 trillion – the highest quarterly results in the company’s history with the 8.1 per cent operating profit being a first-quarter record. Compared with the first quarter a year ago, revenues grew by 27.7 per cent and […]
LG Electronics UK has shared the results of a new nationwide study which explores the British public’s spending and saving habits during lockdown, revealing the cost-per-use of everyday items. When it comes to quality content, people have more choice than ever before – and it shows. The average UK adult now spends 4.1 hours watching […]
Dublin-based Solas OLED has won a patent dispute against Samsung Electronics, Samsung Display and Samsung Electronics America for “wilfully infringing patents” owned by Solas. A jury trial at the US District Court for the Eastern District of Texas found against Samsung for two patents (US patent numbers 7,446,338 and 9,256,311) and which were claimed to […]
Chinese electronics and TV giant Skyworth has apologised to South Korean LG Electronics for the – seemingly – deliberate misuse of LG’s world-beating ‘rollable’ OLED TV screens. LG complained over Skyworth’s US subsidiary (Skyworth USA Corp) misuse and Skyworth, in its statement, acknowledged its unauthorised use of the LG images during last month’s CES virtual […]
South Korean electronics giant Sausng is reportedly selling an LCD factory based in Suzhou, China. The South Korean government has given its permission for the sale. The permission is needed because LCD production is regulated as a core technology for the country and government approval is needed for any overseas asset transfer. Samsung is seen […]
LG Electronics has announced a strong year with 2020 revenues of KRW 63.26 trillion (€46.5bn) and record-setting operating profit of KRW 3.20 trillion, an increase of 31.1 per cent over 2019, driven primarily by higher sales of premium home appliances and OLED TVs as well as strong growth in vehicle component solutions. Sales in the […]
In a series of 2021 predictions in a report from Bob O’Brien of the Digital Supply Chain (DSCC) he suggests that LCD television panel prices will remain higher in 2021 than in 2020 at least until Q4 this year. O’Brien says: “2020 started with panel prices rising after Samsung and LGD announced that they would […]
Sony Europe has announced its first cognitive intelligence televisions. The new BRAVIA XR televisions include MASTER Series Z9J 8K LED, MASTER Series A90J and A80J OLED, and X95J and X90J 4K LED. Powered by the Cognitive Processor XR, the brain of the new BRAVIA XR, the televisions use a completely new processing method that goes beyond conventional AI, designed to replicate the ways humans see and […]
The global TV market is on track to achieve 1.2 per cent growth in 2020 and is set to end the year on more than 233 million shipments, according to a new market report from Futuresource Consulting. Trade value has also fared relatively well, forecast to decline by just 1 per cent to $83.7 billion. […]
A report to clients from analysts at South Korea’s Shinhan Investment Corp sys that LG Display’s Chinese OLED production lines will increase output in 2021 to a forecast 71.7 percent increase year-over-year and to about 7.87 million units. The analysts say they expect to see a sharp rise in sales of high-margin panels used in […]