Tech | September 06, 2009 | 0 comments

LG Predicts Near 50% Jump In 2010 LCD TV Sales

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LG Electronics Inc, the world's second-biggest TV brand, expects LCD TV sales to jump nearly 50 percent next year as demand from emerging countries continues to grow robustly, a top executive said.
(So-eui, R., & Hack, J., 2009, September 5, par.1)

South Korea-based LG, which competes with home rival Samsung Electronics Co Ltd and Japan's Sony Corp, expects to sell around 17 million liquid crystal display (LCD) TVs this year and 25 million in 2010, said Simon Kang, chief executive for LG's home entertainment unit. LG sold 10.5 million LCD TVs in 2008.
(So-eui, R., & Hack, J., 2009, September 5, par.2-3)

"The flat-screen TV market will continue to grow in the second half although it will probably see the growth rate slowing" from the first half, Kang told a news conference..."I am quite confident for the Christmas season and that some kind of momentum will be maintained next year," Kang later told Reuters in an interview on the sideline of the IFA show.
(So-eui, R., & Hack, J., 2009, September 5, par.4-5)
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