LG Aims to Raise TV Sales 20% This Year, Helped by 3-D Sets
(Updates with sales target in second paragraph.)
Jan. 19 (Bloomberg) -- LG Electronics Inc., the world’s second-largest maker of televisions, said it aims to boost TV sales 20 percent this year, helped by models showing 3-D images.
LG targets to sell about 30 million liquid-crystal display TVs this year, compared with about 25 million sets sold in 2011, Lee Kwan Sup, a vice president at the TV business, said in Seoul today. LG aims to become the largest seller of 3-D TVs this year and capture about 25 percent of the global market for such products, according to a company statement.
The Seoul-based company and its bigger competitor Samsung Electronics Co. are turning to 3-D and Internet technologies to lure buyers. Global shipments of LCD TVs may have reached 206 million units last year, falling short of an earlier projection of 211 million units, researcher DisplaySearch said in October.
LG also plans to start selling TVs using the organic light- emitting diode, or OLED, technology, which produces sharper images than LCD, in the second half of this year, the company said earlier this month.
--Editors: Anand Krishnamoorthy, Subramaniam Sharma
To contact the reporters on this story: Jun Yang in Seoul at jyang180@bloomberg.net;
To contact the editors responsible for this story: Michael Tighe at mtighe4@bloomberg.
L G Televisions - News
19 (Bloomberg) -- LG Electronics Inc., the world's second-largest maker of televisions, said it aims to boost TV sales 20 percent this year, helped by models showing 3-D images. LG targets to sell about 30 million liquid-crystal display TVs this year,
If Element Electronics succeeds in making flat-screen televisions in Michigan, it will become the only American-owned TV manufacturer producing in the US, something the country has lacked since Zenith Electronics became a subsidiary of LG Electronics
Both LG and Samsung unveiled 55-inch screens using organic light-emitting diodes at CES, and both promise to deliver the technology before Christmas. LG's OLED television has a slender profile of just 4mm and a weight of 7.5kg. OLED televisions deliver
LG also unveiled 55-inch 3D OLED TV at 4mm thick. According to LG, it's the largest and thinnest of its kind. In addition, half of LG's televisions will offer 3D and smart features for Internet access. Its smart TV browser will now support HTML5.
Computer maker Lenovo showed off a new smart TV at CES that has specs you'd expect to find in the latest smartphones, including the newest version of Google's Android operating system and a dual-core processor. LG unveiled televisions running the
The LG Simplink is the Main Reason Why LG is Top Notch ...
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