OLED TVs help LG to record profits

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LG Home Entertainment Company reported a 7.4 per cent increase in revenue in Q1 2018, while Samsung’s consumer electronics division numbers slid slightly.

LG’s home entertainment division reported sales of KRW 4.12 trillion (£2.8bn) in the first quarter of 2018, with revenue growing 7.4 per cent compared to the same quarter last year. That’s in big part thanks its OLED and Super UHD top-ranging TVs remaining ‘strong’, no doubt.

The division’s quarterly operating profit was also its largest ever.

However, Samsung CE still posted a hefty KRW 9.74 trillion (around £6.6bn) in sales for the quarter. That’s compared to KRW 10.34 trillion (£7bn) in the first quarter of 2017.

It’s here Samsung claims a high market share in the ‘$2500 and above’ TV segment, thanks to expanded sales of flagship models, including QLED and larger-screen TVs. Its forthcoming 8K and MicroLED models this year will no doubt look to further that preeminence.

Becky Roberts
Becky Roberts
Freelance contributor

Becky is a hi-fi, AV and technology journalist, formerly the Managing Editor at What Hi-Fi? and Editor of Australian Hi-Fi and Audio Esoterica magazines. With over twelve years of journalism experience in the hi-fi industry, she has reviewed all manner of audio gear, from budget amplifiers to high-end speakers, and particularly specialises in headphones and head-fi devices.

In her spare time, Becky can often be found running, watching Liverpool FC and horror movies, and hunting for gluten-free cake.