LG ELECTRONICS

LG Electronics Inc posted a record quarterly profit on strong mobile phone and TV sales, helping it win market share from rivals Nokia and Motorola but concerns over weaker margins may stall a rally in its shares.

South Korea's LG Electronics Inc beat expectations with a record second-quarter profit and is set to outperform its peers this year thanks to a weak local currency and a strong lineup of mobile phones, TVs and appliances.

LG Electronics Inc on Wednesday reported a surge in second-quarter operating profit as the strength of its mobile phone and TV businesses helped the company recover from the downturn faster than its peers.

Samsung Electronics said on Monday it would invest 5.4 trillion won ($4.3 billion) in green research and development and facilities to make the world's largest memory chip maker a leading eco-friendly company by 2013.

LG Electronics Inc, the world's No. 3 handset maker, is launching an online store for mobile phone applications Tuesday with an initial focus on Asia and aspirations for a more global reach by year-end.

LG Electronics Inc on Thursday launched liquid crystal display televisions that use light-emitting diodes as a light source, and said it was aiming to sell as many as 5 million units in 2010.

LG Electronics will start selling this month flatscreen monitors that can function as virtual computers, saving costs by allowing multiple users to run programs off a single standard PC.

Flat-screen maker LG Display Co Ltd said on Tuesday it would invest 50 billion won ($40 million) in a pilot line and testing facility for solar power cells, aiming for commercial production in 2012.

Leading flat-screen TV makers, whose sales are holding up even in the global downturn, are placing bets on TVs using light-emitting diode (LED), hoping the slimmer, more power-efficient sets help them fight falling prices and expand their market shares.

Samsung Electronics, the world's top TV brand, aims to outperform the overall flat-panel television market's growth this year, thanks in part to its newly launched LED models, a senior official said.

Forget about bells and whistles. Asians have gone back to basics in the economic slowdown and are opting for no-frills, lower-priced products rather than brand names and items with fancy features that rarely get used.

Samsung Electronics held off calling a recovery in its memory chip and flat panel businesses, though its mobile phone margins have overtaken those of market leader Nokia.

Samsung Electronics, the world's top maker of memory chips and LCD screens, reported a 72 percent drop in quarterly profit and said it was too early to call a recovery in demand or prices.

LG Electronics Inc posted a smaller-than-expected 25 percent fall in first-quarter operating profit on Tuesday and said it expected improving sales of mobile phones and air conditioners to drive a recovery in the quarters ahead.

LG Electronics Inc posted a 25 percent fall in quarterly operating profit on Tuesday, hurt by the global recession, but results beat expectations on resilient handset margins and improvements in its flat screen TV business.

South Korea's LG Display Co Ltd posted a second straight quarter of losses due to weak LCD prices, but forecast a pick-up in prices and shipments as the industry recovers from a steep downturn.

South Korea's LG Display Co Ltd posted on Thursday a steeper-than-expected quarterly operating loss due to weak LCD panel prices, but forecast improvements in prices and shipments as the sector slowly recovers.

Sales of smartphones will jump 28 percent in 2009 after growth slowed to just 3.7 percent in the fourth quarter due to weakening economies and lack of attractive new models, according to research firm Gartner.

Verizon Wireless and LG Electronics unwrap the LG Versa that features a three-inch touch screen and attachable QWERTY keypad this coming month.

SEOUL - LG Electronics Inc, the world's No.3 mobile phone maker, aims to increase its global market share to at least 10 percent this year and boost low-cost phone sales, the head of its handset business said. As shrinking consumer demand hits the mobile industry, LG expects deteriorating profits this year, but still targets a high single-digit percent profit margin on mobiles, against 11 perce...

SEOUL - LG Electronics Inc, the world's No.3 mobile phone maker, aims to increase its global market share to at least 10 percent this year and boost low-cost phone sales, the head of its handset business said. As shrinking consumer demand hits the mobile industry, LG expects deteriorating profits this year, but still targets a high single-digit percent profit margin on mobiles, against 11 perce...