Posts Tagged ‘flatpanel’
The past fourteen or so years have been a great run for flat-panel TV sales, but according to IHS (formerly iSuppli), that run is finally going to turn in the down direction in 2012. The expected drop off is predicted to be five percent, which still leaves the total TVs sold in 2012 at 37.1 million, more than a few dollars for sure. The fact that last year saw a modest one percent raise is as good of an indicator as any that the good times are over. Of course this is but a single prediction from a single analyst firm and we’ll all have to wait until the year is over and earnings are announced to know anything for certain.
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LG has revealed its earnings statements for the fourth quarter of 2011 and the full year, and it managed to notch an operating profit of 23 billion won ($ 20.5 million), boosted by a 10 billion won operating profit in its handset division. That was despite lower sales compared to the previous quarter (17.7 million compared to 21.1 million), with higher sales of its new Optimus LTE and lower sales of less profitable dumbphones. It also had solid results in TVs with an operating profit of 150 billion won and record shipments of 8.8 million units, thanks to demand for its higher end models over the holidays. Check out the slides in the PDF linked below for notes on how LG plans to dominate 2012 with more LTE, 3D and air conditioners, although we’d just recommend moving to Level 5 of the Kobe System.