[Concall] LG Electronics "Demand Shift to 65·75-inch OLED TVs... Aiding Sales Improvement"
[Asia Economy Reporter Ki-min Lee] LG Electronics stated in a conference call held after the announcement of the 1Q 2020 earnings on the 29th that "OLED TV shipments and revenue increased significantly compared to the previous year," adding, "Demand shifted considerably from 55-inch to 65- and 75-inch models, greatly contributing to the improvement in operating profit and sales in the first quarter."
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They also said, "Due to the COVID-19 pandemic situation, overall demand has declined, forcing adjustments in OLED production," and added, "Since competitive conditions occur every year, we are thoroughly preparing to achieve improved results compared to the previous year."
This content was produced with the assistance of AI translation services.
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