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 […]
South Korea’s electronics giant LG has begun selling its much-praised rollable OLED TVs. Available as part of its top-of-the-range Signature series the displays are now selling in South Korea, at 100 million Won (€73,600). The OLED-R screens measure 67” and come with a brushed aluminium plinth that can be engraved with the customers name. LG […]
According to local reports Samsung has sold its giant Chinese LCD panel factory to China Star Optoelectronics Technology (CSOT) for $1.08 billion. Samsung says it is withdrawing from production of LCD panels. Instead Samsung Display will focus on higher-value organic light-emitting diode (OLED) panels which it will manufacture using its quantum dot technology which is […]
Japan’s JOLED, the joint-venture between the OLED divisions of Sony and Panasonic, is suing Samsung Electronics and its subsidiaries in the US and German courts and alleging patent infringements on the joint venture’s organic light-emitting diode panel technologies. The US lawsuit accuses Samsung and its Samsung Electronics America subsidiary as well as Samsung Display of […]