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 […]
LG Electronics (LG) and Xbox have entered into an exclusive marketing partnership to highlight the phenomenal gaming experience of the widely-anticipated Xbox Series X console and LG OLED TV in key markets across Europe, Africa, Middle East and Asia-Pacific. LG OLED TV becomes the official TV partner of Microsoft’s new console in these regions with […]
LG Electronics has announced third-quarter 2020 consolidated revenue of KRW 16.92 trillion (€12.18bn) and operating profit of KRW 959 billion. Both sales and profits were the highest for a third quarter in 62-year history of LG Electronics. Led by strong growth in home appliances and home entertainment, overall sales increased 7.8 per cent and operating […]
LG Display has moved into the black and its first operating profit for some time having reported 7 previous quarters of losses. LG said it could report an operating profit of 164.4 billion WOn (€122.6 million), on the back of its heavy expense control efforts, increased OLED sales and price increases in its LCDs. Revenues […]