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By News Reporter
Have you ever wondered how many LG OLED TVs are shipped every year? 100 thousand units perhaps, maybe as much as a million? In the first half of 2023, LG recorded over 1.33 million shipments of its stunning OLED TVs, setting new benchmarks and records its competitors can only dream of.
According to market research firm
link hidden, please login to view, LG captured over 55 percent of the global OLED TV market in the first six months based on total shipments. As a renowned OLED TV leader now celebrating 10 years of innovation in this space, LG has once again defended its premium TV crown while further cementing LG OLED TV’s status as the pinnacle of premium TVs.
The “bigger the better” trend continues to prevail in the TV market, which is great news for LG. As more and more people desire larger TVs for their living spaces, models of 75 inches or larger accounted for a remarkable 11.4 percent share of total OLED TVs sold, while shipments’ yearly average growth rate topped 90 percent over the past five years. Staying on top of this growing trend, LG is resuming its dominance in the market with an outstanding 64.2 percent share in total shipments of OLED TVs over 75 inches.
LG is targeting this new demand for large and premium TVs in the second half of 2023 with the groundbreaking TV (model 97M3) it unveiled in July, which boasts the world’s first 4K 120Hz wireless solution that makes it easy for customers to achieve their dream interior.
Not one to be confined, LG unleashed a tidal wave of 10 million TV units (OLED and LCD) on the world, which has helped the company carve out a 16.2 percent share of revenue for itself in the global TV market.
Despite facing a downturn in the global TV market, LG persisted in strengthening its inventory management and securing higher profits while actively pursuing a strategic approach for its premium and ultra-large displays. And this commitment has paid off substantially, with its LG OLED TVs now accounting for around 30 percent of the company’s overall revenue generated from TV sets.
TV shipments totaled over 92 million units in the first half of 2023, matching last year’s first half performance. The OLED TV segment, which has been led by LG for a number of years, has already passed the 2 million shipments mark this year, which bodes well for the rest of 2023.
OLED TVs are continuing their takeover of the global TV market after capturing 9.3 percent of all revenue in the first half. Meanwhile, Omdia predicts that OLED TVs are set to shine even brighter, projecting at least a 43 percent revenue share among premium TVs priced above USD 1,500.
Find all the latest news on the home entertainment business and learn more about its world-leading innovations on the LG Newsroom.
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By News Reporter
Jeremy Zucker Shares How LG gram Laptop, UltraWide Monitor and
CineBeam Projector Perfectly Match His Creative Lifestyle
SEOUL, July 13, 2022 — LG Electronics (LG) and multi-platinum singer-songwriter
link hidden, please login to view announced a collaboration to create an exclusive content series capturing a behind-the-scenes look during his upcoming concert tour across Europe including the UK in July. Recently named the ambassador for LG’s innovative products, Zucker will be sharing his life, thoughts and music as he travels for the concerts, enthralling audiences with his heartfelt vocals and self-penned songs at every stop along the way. The exclusive content series, Inspire, Perform and Achieve, which will air via , will also reveal how the critically-acclaimed LG gram laptop, LG UltraWide monitor and LG CineBeam projector lineups “comethru” for his creative lifestyle.
Jeremy Zucker gained global attention in 2018 with his Platinum-Certified indie hit, comethru. He is also known for popular songs such as the Platinum single all the kids are depressed (2018) and his beautiful duet with Chelsea Cutler, Platinum-certified you were good to me (2019). In his new collaboration with LG, Zucker will offer fresh insight into how he finds inspiration, performs his music and achieves his goals as an artist.
LG and Zucker will be releasing a variety of compelling content in the coming months, including short videos about his music production process with LG UltraWide monitor, on-the-go lifestyle with LG gram and quiet downtime with LG CineBeam. Thanks to the new partnership, fans worldwide can enjoy learning more about the very talented artist and why he loves working and relaxing with LG’s innovative products.
“I’m excited about this new partnership, and to share the unique value of my favorite LG products with all of my fans,” said Zucker. “These products are incredibly easy to use and most importantly, they work so well for my daily routine – whether I’m working in the studio, traveling on tour, or at home enjoying some downtime. I would 100% say that LG products are making my life better and more comfortable.”
“Jeremy is such an authentic artist and we love the way he’s able to capture real feelings and experiences through his distinctive style,” said Seo Young-jae, senior vice president and head of the IT business unit at LG Electronics Business Solutions Company. “He’s also very charismatic and tech-savvy. He perfectly stands for the customer value LG is pursuing. For LG, it’s an honor to have Jeremy on board and hear him talk passionately about how LG products enhance his productivity and creativity.”
LG’s IT business unit is committed to offering a wide range of powerful, user-friendly products that improve the quality of life at home, at work and on-the-go. Among its market-leading offerings are the premium UltraFine and UltraWide monitors, designed for professional editing and productivity; ultra-lightweight LG gram laptops made for take-anywhere convenience; and CineBeam projectors that take the home cinema experience to the next level.
To learn more about LG’s innovative products and how they perfectly match Jeremy Zucker’s creative lifestyle, please visit the LG IT business’ official Instagram account .
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By News Reporter
After 70 years on the throne, the extraordinary popularity of Queen Elizabeth II did not go unnoticed during Britain’s four-day Platinum Jubilee extravaganza that took place the first weekend of June. To get ready for the festivities, LG hosted a virtual LG SIGNATURE event in advance as a part of the luxury brand’s ‘LG SIGNATURE Hosts’ experiences.
Hosted at the end of May, the event comprised of two interactive Zoom sessions in partnership with acclaimed British chef
link hidden, please login to view, who is described by renowned critic and presenter as “the kind of chef who only comes along once or twice in a decade.”
Ahead of the session, guests were gifted a luxurious picnic hamper which included dishes curated by Denney, a bottle of Chapel Down English sparkling wine and an LG SIGNATURE branded champagne stopper. Denney’s menu choices were inspired by traditional British delicacies and favorites of the Royal Family, with items such as mutton salami, Isle of Wight tomato panzanella, Royal Warranted Kings’ Caviar and a traditional cherry tea cake with whipped vanilla cream that Denney’s grandmother used to make for the Spencer family at .
During the session, Denney talked the media through the creation of both the panzanella salad and the cherry tea cake, while showcasing the unique features of the LG SIGNATURE Wine Cellar and LG SIGNATURE Refrigerator that were set up in the kitchen.
LG SIGNATURE products are known for delivering high-end, unparalleled performance. Offering the precise temperature- and humidity-controlled conditions needed for optimal preservation, the LG SIGNATURE Wine Cellar is the ideal home solution for keeping wines of all types at their best. And, with the innovative InstaView feature, LG SIGNATURE Refrigerators allow users to see inside the easy access compartment without opening the door, helping food stay fresh longer.
Empowered with advanced technology, stylish design and hygiene-promoting features, today’s luxury products represent innovation at its finest.
Contributed by LG UK
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By John Pimento
After I configure de IPTV Smarters data, which work in my Amazon Fire stick, it gives me the "Failed to Authorize" message. Is LG Smart tv OS compatible?
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By News Reporter
Use of Plastics Made From Post-Consumer Recycled Materials to Increase Tenfold by 2025
SEOUL, Sep. 9, 2021 — LG Electronics (LG) today announced its goal to use almost 600,000 tonnes of recycled plastic by 2030 in a concerted effort to reduce greenhouse gas emissions in the value chain. The goal is a part of LG’s larger initiative to create a take-back ecosystem for electronic waste and increase the use of post-consumer recycled (PCR) materials in its consumer electronics and home appliance products.
In 2020, LG utilized approximately 20,000 tonnes of recycled plastic in its products which it plans to increase more than tenfold by 2025. While recycled plastic is currently used inside LG TVs, PC monitors, speakers, washing machines, refrigerators and air conditioners, LG will expand the use of recycled plastic to the exterior of its products as well. In addition to utilizing more recycled plastic, LG is reducing the use of virgin plastic throughout its operations as well. This year, 18 OLED TV models will be produced using less virgin plastic, an increase from 14 models in 2020, for a reduction of up to 10,000 tonnes of plastic.
LG is also increasing the target amount of take-back electronic waste from its 2006 figure of 4.5 million tonnes to over 8 million tonnes by 2030 with 3.07 million tonnes having been collected by the end of 2020. Also, LG is implementing initiatives to take back and recycle electronic waste in 52 countries. In South Korea, LG Chilseo Recycling Center, which opened in 2001, not only takes back electronic waste but also manufactures new components from the recycled plastic and ships the parts to LG’s home appliance plant nearby for use in new products such as refrigerators.
LG is focusing its efforts on reducing greenhouse gas emissions throughout the entire product life cycle from production and transportation to use and disposal. As a key component of its sustainable management goals, LG’s parent company entered into an agreement with the Korean Ministry of Environment and local civic groups in June to implement plastic-free management at its main R&D campus, LG Sciencepark.
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