Tag: 3dtv

LG Q2 2012 earnings : Loss on Mobile Phones , Overall profit

LG Q2 earnings are out as it registered net profits of $138 million, up 46 percent from the same period last year. The mobile division struggled after a strong Q1 and took an operating loss, however the positive takeaways are a rising percentage of smartphone shipments and plans to launch new LTE-connected models in North America. LG is also banking of future deployments in countries like India and China.

the home theater segment came out strong with an operating profit of more than double last year at $187.5 million despite slightly lower sales due to an increase in sales of premium products like its Cinema 3D HDTVs. LG also expects to be the top 3D display maker in 2012.

LG Air Conditioning and Energy Solution Company posted operating profit of KRW 70 billion (USD 60.76 million), a 17 percent increase year-over-year. Revenues increased 21 percent quarter-to-quarter but declined year-over-year to KRW 1.47 trillion (USD 1.28 billion) due to weak residential conditioner sales in Korea and low demand in developed markets. However, profitability improved year-over-year led by higher contribution from system air conditioner sales.

LG Home Appliance Company saw its second-quarter 2012 operating profit nearly triple to KRW 165 billion (USD 143.23 million) from the same period last year thanks to a better product mix and improved cost efficiency. Revenues also increased year-over-year to KRW 2.88 trillion (USD 2.50 billion) from growth in developing markets. The company still expects improved results in the second half compared to the previous year despite ongoing weak demand in developed markets.

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LG ANNOUNCES SECOND-QUARTER 2012 FINANCIAL RESULTS

Solid Performance in Home Appliance and Home Entertainment
Helps Offset Difficult Quarter in Mobile Phones

SEOUL, July 25, 2012 –- LG Electronics (LG) today reported a 46 percent increase in net profits for the second quarter of 2012 versus the same period a year ago. Despite the continuing recessionary conditions, LG’s operating profit in the most recent quarter increased significantly year-over-year. Stronger performance in home entertainment and home appliances compared to the second quarter last year helped offset profit declines in LG’s mobile business.

Due to a combination of more premium products, strategic focus on developing markets and aggressive cost reductions, second-quarter net profit increased 46 percent year-over-year to KRW 159 billion (USD 138.02 million) while operating profit more than doubled to KRW 349 billion (USD 302.95 million) from the same period last year. Revenues, while 5.2 percent higher than in the first quarter, declined from last year’s second quarter by 10.6 percent to KRW 12.86 trillion (USD 11.16 billion) due to declining feature phone sales and weak demand for IT products.

LG Home Entertainment Company posted significantly improved operating profit in the quarter compared to the same period in 2011. Due in large part to an increase in sales of more premium products and improved supply chain management, operating profit more than doubled to 216 billion (USD 187.5 million) year-over-year. Sales declined 5.8 percent from the same period a year ago to KRW 5.48 trillion (USD 4.76 billion) but increased 2.8 percent from the first quarter of 2012. LG’s popular CINEMA 3D TVs will continue to drive sales in the second half as it pushes ahead to become the top global seller in the 3D segment.

LG Mobile Communications Company, after a positive first quarter, struggled somewhat in the most recent quarter with an operating loss of KRW 57 billion (USD 49.48 million) mainly due to greater marketing expenses related to new model launches in the quarter. Overall revenues declined 28.5 percent year-over-year to KRW 2.32 trillion (USD 2.01 billion) as a result of shrinking feature phone sales but smartphone shipments rose to 44 percent of unit sales, up from 36 percent the previous quarter capitalizing on LG’s strength in LTE phones. The company is planning to introduce new LTE models in the second half in developed 4G regions including North America and parts of Europe and Asia.

LG Home Appliance Company saw its second-quarter 2012 operating profit nearly triple to KRW 165 billion (USD 143.23 million) from the same period last year thanks to a better product mix and improved cost efficiency. Revenues also increased year-over-year to KRW 2.88 trillion (USD 2.50 billion) from growth in developing markets. The company still expects improved results in the second half compared to the previous year despite ongoing weak demand in developed markets.

LG Air Conditioning and Energy Solution Company posted operating profit of KRW 70 billion (USD 60.76 million), a 17 percent increase year-over-year. Revenues increased 21 percent quarter-to-quarter but declined year-over-year to KRW 1.47 trillion (USD 1.28 billion) due to weak residential conditioner sales in Korea and low demand in developed markets. However, profitability improved year-over-year led by higher contribution from system air conditioner sales. The company will focus on improving profitability by introducing more energy-efficient products and by accelerating growth in its commercial air conditioner systems business.

2012 2Q Exchange Rates Explained
LG Electronics unaudited quarterly earnings results are based on IFRS (International Financial Reporting Standards) for the three-month period ending June 30, 2012. Amounts in Korean Won (KRW) are translated into US Dollars (USD) at the average rate of the three month period in each corresponding quarter: KRW 1,152 per USD (2012 2Q) and KRW 1,084 per USD (2011 2Q).

Earnings Conference and Conference Call
LG Electronics will hold a Korean language earnings news conference on July 25, 2012 at 16:00 Korea Standard Time at the LG Twin Tower Auditorium (B1 East Tower, 20 Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea). An English language conference call will follow on July 26, 2012 at 10:00 Korea Standard Time (01:00 GMT/UTC). Participants are instructed to call +82 31 810 3069 and enter the passcode 9084#. The corresponding presentation file will be available for download at the LG Electronics website (www.lg.com/global/ir/reports/earning-release.jsp) at 13:30 on July 25, 2012. Please visit http://pin.teletogether.com/eng/ and pre-register with the passcode provided. For those unable to participate, an audio recording of the news conference will be available for a period of 30 days after the conclusion of the call. To access the recording, dial +82 31 931 3100 and enter the passcode 142660# when prompted.

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[LG 2Q 2012 Performance Results (PDF)]

July 25, 2012
LG announces new 3D glasses for their 2012 TV lineup (PR)

LG has just announced a new flurry of lightweight and designer 3D glasses that go along with their televisions. The three options available include the F310 which are lighter and are curved more for a better fit compared to last years models, the F320 clip-on design for glasses-wearers and Alain Mikli-designed F360 half-rim frames. There is no information on pricing or availability just as yet, But they will be available along side LG’s new 2012 Smart TV lineup which features 1,200 in built apps. Check out both press releases below.

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LG UNVEILS STYLISH NEW 3D GLASSES FOR 2012

New CINEMA 3D TV Glasses Will Convince More Consumers
That 3D Doesn’t Have to Be Uncomfortable or Ugly

SEOUL, Dec. 26, 2011 -– LG Electronics (LG) announced today that its newest collection of 3D glasses, including a pair designed by renowned eyewear designer Alain Mikli, will be introduced in the first quarter of 2012. The new 3D glasses — the F310, the clip-on F320 and the Alain Mikli F360 — are lighter and more comfortable to wear while upgraded design features such as curved lenses and clean frame structure have transitioned 3D glasses from burdensome requirements to stylish fashion accessories.

“Compared to active shutter glasses, LG’s 3D glasses are far more comfortable to wear and much more affordable, making it possible for large groups and entire families to watch 3D programs and movies together,” said Havis Kwon, President and CEO of the LG Home Entertainment Company. “LG is addressing two of the biggest barriers to 3D acceptance head-on and we’re confident consumers will react favorably to our strategy in the coming year.”

The F310 is characterized by a distinctive design that combines soft lines within a slim frame. Unlike many previous 3D glasses, the lenses have been curved to better accommodate the shape of the wearer’s face, as well as to improve the overall CINEMA 3D viewing experience. The F310 weighs a mere 13.5 grams, making it 20 percent lighter than LG’s previous design.

Another new item for 2012 includes the clip-on F320. Clip-on 3D glasses are unique to 3D TVs based on Film Patterned Retarder (FPR) technology, which is at the heart of CINEMA 3D TV. Compared to the previous generation clip-on 3D glasses, the F320 weighs 25 percent less at 5.5 grams.

Developed in collaboration with Alain Mikli, the F360’s half-rim frame design is sportier and only weighs 16 grams. The lenses of the F360 have been curved and cover most of the wearer’s face, deepening the immersive CINEMA 3D experience. The stylish F360, as well as all 3D glasses from LG, can also worn in theaters showing 3D movies since both CINEMA 3D and theaters utilize the same FPR and RealD technologies.

LG’s share of the global 3D TV market increased from 7.6 percent during the first quarter of 2011 to 14 percent by September. FPR’s unobtrusive technology played a key role in the company’s success in 3D TVs, as uncomfortable and expensive glasses have been identified in numerous studies as being the number one reason consumers have been reluctant to adopt 3D in the home.

LG plans to continue the success it saw this year by sponsoring a series of 3D film and gaming events in 2012 in order to introduce the CINEMA 3D experience to thousands of participants and visitors.

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LG UNVEILS NEW SMART TV FEATURES FOR 2012 FOCUSING ON RICH CONTENT AND EASE OF USE

Now With Over 1,200 Apps and New Magic Remote, LG’s Smart TV
Significantly Upgrades User Experience and Convenience

SEOUL, Dec. 27, 2011 –- LG Electronics (LG) will unveil its newest Smart TV features at the Consumer Electronics Show (CES) in Las Vegas next month. Imbedded in the new CINEMA 3D Smart TV line-up for 2012, LG is aiming to provide CINEMA 3D Smart TV owners with the most comprehensive yet easy-to-use home entertainment experience possible, as evidenced by the over 1,200 apps, growing quantity of premium content services and the new Magic Remote.

“Even thought the Smart TV market is in its infancy, LG is constantly introducing new features and upgrading existing ones in order to deliver the richest, most convenient Smart TV experience in the market today,” said Havis Kwon, President and CEO of LG Home Entertainment Company. “The features and functionality we’ll be introducing in 2012 are, I believe, second to none when it comes to showing consumers how a Smart
TV can improve their TV viewing experience.”

LG’s Smart TV ecosystem has experienced enormous growth over the past year, having launched over 1,200 Smart TV apps. In addition to access to more movies and TV programs, user can access social networking services (SNS) on their LG Smart TVs, make donations to charities and even browse famous art collections.

LG’s 3D Zone offers a growing collection of 3D movies and TV shows, while existing 2D movies can be converted to 3D via LG’s enhanced 3D conversion engine. Due to the use of Film Patterned Retarder (FPR) technology, LG’s 3D glasses are battery-free, lightweight and inexpensive, making them ideal for watching 3D content in large groups and comfortably for longer periods of time.

And even though LG’s Smart TV ecosystem is growing in features and choices, using the TV is simpler than ever, thanks to the new Magic Remote. The new Voice Recognition mode lets users enter text — such as search terms — by making voice commands. Wheel enables users to swiftly scroll up and down various menus and apps, allowing for quicker selections. Magic Gesture makes it possible to communicate physical movements as commands. And lastly, Pointing lets users make on-screen selections quickly and easily without having to scroll or push direction keys repeatedly.

The new CINEMA 3D Smart TVs offer a variety of connectivity features. The newest among them is Intel’s Wireless Display (WiDi) technology, which enables easy and quick connection between TVs and PCs without the need for cables or Internet access. Through Smart Share Plus, users can access content stored on external devices such as PCs, tablets and smartphones. Smart Share Plus also offers the Screen Share function which streams TV content to external viewing devices using a Wi-Fi connection.

The quantity of content is further expanded through premium content services available through the Smart TV function. While content availability constantly grows, they remain easy to access, thanks to the upgraded Home Dashboard, which allows for quick browsing. And the shortcuts displayed on the Home Dashboard can be customized, giving users the option to handpick their favorite content and apps for instant access.

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December 28, 2011
Microsoft confirms 3D compatibility in Halo, Xbox 360 Remake

Microsoft has finally confirmed 3D gaming for XBox 360. This comes almost a year after Sony added 3D support to their PS3. Joystiq experienced a demo at Gamescom in Germany, and reports that it only works with the game’s updated graphics mode, and that the game’s producer claims the framerate will stay consistent even in 3D. While there are already a number of Xbox 360 games that support 3DTVs.

Epic Games had also announced earlier this month the Gears of War 3 will also support 3D, but this is the first instance of game from Microsoft. Its good news for those already on the 3DTV bandwagon, but not too great for people who don’t want to loose their sight and hemorrhage their brains with excessive 3D.

[Joystiq]

August 29, 2011
LG Announces Nano Ultra Slim LED Cinema 3D TVs.
LG is now bringing 3D experience to lower range TV sets with three new models
- 32-inch 32LW5700
- 42-inch 42LW5700
- 47-inch 47LW5700
Specs include
- USB HDD recording
- Integrated tuner
- IPS panel
- 8.8mm thick a
- 1080p resolution
No Pricing information available yet, the TVs launch this Month and are expected to hit India next Quarter.

[LG]
June 16, 2011
Samsung Plans to sell 10 Million 3D TVs , while LG only targets 5 in 2011

This year is the year of the gadgets and the Chinese should add another type to their calendar! While in Korea competition is heating up, where in the red corner heavyweight Samsung plans to sell 10 million of the eye hurting, brain killing 3D hdtvs this year, Lightweight LG at the blue corner will only aim to sell 5 Mill.

LG products are often considered cheap and less reliable, in India at-least, they have a shorter lifespan, But, come-on LG a low target may = lower sales. We know you want to be better! So ramp up the quality and set the bar high!

February 19, 2011