LG Electronics today reported Q1 2021 earning results that ended March 31, 2021 for which is reported revenue of 18.81 trillion won (US$ 16.90 billion), up 27.69% YoY and the highest quarterly results in the company’s history with 1.51 trillion won operating profit, up 39% YoY, which is a first-quarter record for the company. This is due to strong LG home appliances and home entertainment product sales as consumers around the world continue to spend more time at home. Continue reading “LG Q1 2021 earnings: Highest quarterly revenue and first quarter operating profit”
Earlier this week LG announced that it will exit the smartphone market by the end of July. At that time the company confirmed that it will provide service support and software updates for customers of existing mobile products for a period of time which will vary by region. Today it has confirmed 3 generations of Android OS updates for its premium models released in 2019 and later and 3 generations of OS updates for other models released in 2020. Continue reading “LG assures 3 Android OS updates for premium phones released in 2019 and later; 2 updates for select 2020 models”
Korean giants Samsung and LG have reported earnings guidance for the first quarter of 2021. Both the companies have reported an increase in profits for the quarter. Even though LG had announced the closure of its mobile business from July 31st, the company’s preliminary earnings results for the previous quarter reveals the highest quarterly revenue and operating profit in the company’s history. Continue reading “Earnings Guidance Q1 2021: Best-ever quarterly revenue and operating profit for LG; 44.2% YoY profit increase for Samsung”
LG has introduced 5 new soundbars for the year 2021, ranging from the 3.1.2 channel SPD7Y model to the 7.1.4 channel SP11RA model. They offer improved audio experiences, easy connectivity, feature support for LG TV’s AI Sound Pro, Dolby Atmos and DTS:X technology, and they all have new eco-consciousness designs and packaging.
Continue reading “LG introduces 2021 range of soundbars with Dolby Atmos and DTS:X support”
After several rumours, LG today confirmed that it is closing its mobile phone business unit after it was approved by its board of directors. The company said that its strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services. Continue reading “LG confirms it is shutting down its mobile phone business”
LG has announced the launch of a new high performance laptop in South Korea, called the Ultra Gear 17. It features a large 17-inch display, a 11th Gen Tiger Lake Intel Core processor, and an NVIDIA GeForce GTX 1650Ti GPU inside.
Continue reading “LG Ultra Gear 17 with 17-inch WQXGA display, 11th gen Intel Core i5, GTX 1650Ti announced”
In the world of wireless connectivity, the Wi-Fi 6E standard is quite new. Samsung and LG, two of the world’s leading manufacturer of TVs, has announced that their 2021 premium TVs have received official Wi-Fi 6E certification from the Wi-Fi Alliance (WFA).
Continue reading “Samsung Neo QLED 8K TVs and LG 8KOLED TV and QNED TVs receive Wi-Fi 6E certification”
LG, once the third largest smartphone manufacturer in the world, is reportedly debating over the decision to shut down their internal smartphone division after it consistently produced losses for over years. The company was initially planning to sell the business, but now may completely shut down the business instead.
Continue reading “LG mulls shutting down smartphone division instead of selling it”
LG has released its timeline for upgrading its Android
11-ready portfolio to the latest Android OS as confirmed on the LG Denmark Site. The rollout is planned to commence in from April 2021 starting with LG VELVET 5G. Owners of the G8X will also be among the first to experience Android 11 in Q2, said the company. The VELVET 4G and G8S uses will have to wait till Q3 2021, while the WING, K52 and K42 users will have to wait till Q4 2021. Continue reading “LG announces Android 11 update timeline for VELVET 5G / 4G, G8X, G8S, WING and more”
LG has announced the launch of the newest member of their OLED family of TVs, called the 48CX. It is the smallest TV in the lineup, featuring their Alpha 9 processor, support for Dolby Vision IQ, Dolby Atmos, HGiG colour profile for HDR gaming and more.
Continue reading “LG 48CX OLED TV with Dolby Vision IQ, HDMI 2.1 and more launched in India”
LG Electronics has announced the availability of its webOS TV platform ecosystem to other TV brand partners. This means the webOS is no longer exclusive to LG. LG made this move after overhauling its webOS significantly, which was showcased, in CES 2021. Continue reading “LG opens WebOS TV platform to third-party TV manufacturers”
There were reports circulating on the Internet that Samsung’s home-grown rival LG might scrap the rollable smartphone project amid speculation as LG reportedly considering an exit from the smartphone business. Continue reading “LG denies scrapping rollable phone project ‘LG Rollable’”
LG has announced the newest member of their ultra-thin family of laptops, called the Gram 360. It comes in both 14-inch and 16-inch sizes, features Intel’s latest 11th Gen Core CPUs, large batteries, high resolution displays and more.
Continue reading “LG Gram 360 2-in-1 laptop with Intel 11th gen Tiger Lake processors announced”
LG today launched the W41, W41+ and W41+ smartphones as successors of last year’s W31 series in India. These have 6.55-inch HD+ Hole in Display with an 8MP camera, run Android 10, 48MP + 5MP Ultra-wide + 2MP Depth and 5MP macro cameras, 5000mAh battery. Continue reading “LG W41, W41+ and W41 Pro with 6.55-inch display, 48MP quad rear cameras, 5000mAh battery launched in India starting at Rs. 13490”