LG Announces Record 2018 Financial Results

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Image by: LG

LG Electronics Inc. today announced a 2018 revenue of KRW 61.3 trillion (USD 54.4 billion) across all divisions, which exceeded sales expectations of 60 trillion won for the second year in a row.

2018 Q4 revenues of KRW 15.77 trillion (USD 13.99 billion) were higher than Q3 but seven percent lower than Q4 2017, mostly due to lower mobile sales.

The new year is already promising to be shaping up for LG though following their recent rollable OLED TV announcement and immersive OLED installation at the LG CES 2019 Booth.

LG OLED Falls CES 2019

LG announced their first-generation CineBeam 4K laser projector at last year’s CES and recently unveiled the HU85L model. The latest version offers an updated design and opts for a traditional ultra short show projector form factor.

Image by: LG

LG even has an upcoming air purifier, new phones, personal robots, as well as other new home electronics and mobile devices hitting the market soon.