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LG sees record Q4 earnings on solid home appliance sales

LG sees record Q4 earnings on solid home appliance sales
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LG Electronics sees record Q4 earnings on solid home appliance sales

LG Electronics sees record Q4 earnings on solid home appliance sales
Posted : 2021-01-08 17:27
LG Twin Tower in Seoul / Courtesy of LG
LG Electronics on Friday forecast robust fourth-quarter earnings as sales from its mainstay home appliances apparently remained solid despite the weakness of the U.S. dollar.
In its earnings guidance, the South Korean tech giant estimated its operating profit at 647 billion won ($592 million) for the October-December period in 2020, a sixfold increase from a year ago.
Its fourth-quarter operating income estimate was lower than the market consensus of 689 billion won in a survey by Yonhap Infomax, the financial arm of Yonhap News Agency. However, it was still the largest-ever for a fourth quarter. ....

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LG acquires TV data analysis firm Alphonso for $80 mn

LG Electronics on Thursday said it has acquired US-based TV data analysis startup Alphonso to boost its software and service capabilities in the TV business.The South Korean tech firm said it spent $80 million to acquire a controlling stake of . ....

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LG to showcase QNED Mini LED TVs at CES 2021

LG to showcase QNED Mini LED TVs at CES 2021
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LG unveils most advanced LCD TV, QNED Mini LED

LG unveils most advanced LCD TV, QNED Mini LED
Battle over Mini LED TV likely to unfold in 2021 between LG, Samsung
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(LG Electronics)
LG Electronics on Tuesday unveiled the highest-end category of its LCD TV lineup, the LG QNED Mini LED.
LG’s announcement came earlier than its archrival Samsung Electronics’ plan to reveal new TV technologies and models for 2021 on Jan. 6, when the virtual edition of the Consumer Electronics Show kicks off.
The LG QNED Mini LED TV features LG’s proprietary technology that combines quantum dot and mini LED technologies.
For the 86-inch backlight, the company has used around 30,000 mini LEDs that are about a tenth the size of LEDs currently found in LCD TVs. The more and smaller the LEDs used for the backlight, the better the color gamut gets, in terms of brightness. ....

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