LCD TV For Sale USD105 million in the second quarter

LG Electronics Inc., the world’s second largest producer of liquid-crystal television-display (LCD) plans to boost LCD TV sales to be approximately 40 percent in the next year. This is the impact of this decline to lower the prices and increase the demand.

This company aims to sell 35 million LCD TVs, up from last year with the sales which reached 25 million sets it expects to sell at the end of this year, said Simon Kang, president of LG home entertainment division. The sales which is including plasma TV sets can reach 40 million next year from 29 million this year, he said.

The shipments LCD TV globally are expected to rise 23 percent to 226.7 million set in 2011 from 184.1 million this year.

LG expects sales of LCD TVs that use light-emitting diodes or LEDs will acquire approximately 60 percent of total LCD TV sales next year.

LG, based in Seoul on July 28, earnings declined to 90 per cent to USD105 million in the second quarter. Profit from the home entertainment division fell until 90 percent, while the sales rose to 19 percent.

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