LG Electronics, the world’s third-largest box maker, said today that its TV-making function turned its third consecutive three-monthly operating of advantage on a continued rise in bid for its flat-screen TVs. The South Korea-based company's digital-display unit's operating a packet was $15 million, compared with an operating wasting of $31 million a year earlier, as the division's sales jumped 22% to $3.62 billion. Sales of LG's liquid-crystal stretch and plasma televisions increased 55% and 10% from a year earlier, respectively. LG, whose worldwide sell split of 12% trails only Samsung and Sony, according to DisplaySearch, has benefited as customers from emerging markets substitute cathode-ray tube TVs with LCDs while U.S. consumers turn out for the switchover to all-digital broadcasts next February by upgrading their sets.
The TV-making section helped the pater assembly encourage sales by 21% to $11.3 billion, LG said today. Annual far-reaching TV shipments middle all brands will take flight 4% to 208 million units this year with net rising 5% to $109 billion as LCDs bilk over cathode-ray tube sets as the world's most commonplace species of television, DisplaySearch said decisive month. Samsung reports salary later this week while Sony reports emolument next week.
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