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LG hits record sales for TV division

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LGWRSherlock

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LG's fourth quarter profit from last year shows awesome increase in income for all divisions, with a record number for the TV division. It really shows how people trust in LG products enough to purchase them for their family. So this is a thank you note to everyone :yahoo: We can't make it without you guys:clapping:! And here's to a newer, happier year!

Here's the full report from Engadget for a subjective view:

LG's Q4 earnings show a narrow yearly net profit of $80.75 million, improved income for all divisions

The latest company to release its quarterly and year-end earnings report is LG, and the good news is that unlike last year's losses, it has managed to eke out a net profit of $80.75 million. Revenues overall were down six percent from last year, but its operating profit moved way up to $1.01 billion from $342.06 million for 2011. Its TV division also reported record sales and a full year profit of over $480 million, while the cellphone division's revenue for Q4 was the highest of the year as it shipped 8.6 million smartphones. So what's on deck for 2013? As you may have heard, Ultra HD and OLED to push the extreme high end of HDTVs along with ever more 3D and connected models for the mass market. For phones, we can expect successors to the Optimus G (more than the Optimus G Pro?) and L-Series, plus LTE phones for the masses in the F-Series as high speed data continues to spread throughout Europe and emerging markets. There's a few more numbers in the press release after the break if you're interested, hit the source link to check out the presentation slides.

Source: LG's Q4 earnings show a narrow yearly net profit of $80.75 million, improved income for all divisions

LG WRman Sherlock out!
 

madhur45

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Tons of congratulatory wishes to LG!
However, I would still like to recommend these electronic monsters to think about their upcoming next generation TV prices (i.e. 4k or OLED TV) if they want good business revenue from these line-ups.
 

amit.nagar

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It is good to hear. now we are expecting some good discounts from LG on its latest Smart 3D TV lineup!
 

das.anirban

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Good news for LG. After all, LG has its fair share of notable accomplishments and achievements from past years to present.
 

shubham garg

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Their main key to get success is the technological innovation in the marketplace especially in smart tv sections.
 

Krishna Singh

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i think lg will continue to expand market in 3d and smart TVs and also expand its share in the premium tv segment with the help of their newly launched ultra hd tv sets and smart 3d tv sets.
 

LGWRSherlock

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Wow, thanks to everyone for your support. It's certainly has been a good year for smart and 3D TVs with many innovations and good news pouring in for LG World Record. We promise to not be complacent with our past glories and to continue to strive forward for the betterment of the industry as well as our customers' welfare. Let's wait and see what 2013 has in store for LG World Record!

LG WRman Sherlock out!
 
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