LG Electronics has unveiled a plan to increase global revenue from 2022’s $51 billion to about $79 billion by 2030 as it transitions to a “smart life solution company.” A big part of that will be through subscriptions to add-on services for its TVs and home appliances. The South Korean tech giant’s CEO William Cho said the idea is to get the LG smart system, webOS, onto more third-party brands. Cho outlined plans for a “platform-based service business model that continuously generates profits, such as content and services, subscriptions and solutions” across all product categories. Continue reading LG Unveils Plans to Turn webOS into Media and Ad Platform

With a focus on sustainability, accessibility and personalization across its offerings, LG Electronics debuted a suite of smart TVs and appliances. Company chief executive William Cho, who hosted a press conference at CES 2022 today in Las Vegas, emphasized “an enhanced lifestyle and a better future for all.” “We have stories about innovation and progress and also about values that never change,” he said. Futuristic products included CLOi, a door-to-door delivery robot and LG OMNIPOD, a mobile office for autonomous vehicles. Continue reading CES: LG Electronics Promises ‘The Better Life You Deserve’

While MicroLED, 8K QLED and some impressively large quality displays have been generating the most TV buzz this week in Las Vegas, LG has been showcasing a concept that’s taken different forms at CES in the past, but not with this level of sophistication. Rather than introducing a foldable or bendable screen that retracts, LG debuted a 65-inch OLED TV with rollable screen at this year’s confab. The LG Signature OLED TV R “rolls” into a base to the point that the flexible screen is no longer visible. The 3-millimeter OLED panel then rises from its base for easy viewing. Users can also play music through the base since it’s a 100W Dolby Atmos soundbar. Continue reading LG OLED TV with Rollable Screen Impresses CES Attendees

In his CES pre-show keynote presentation, LG Electronics president and chief technology officer Dr. I.P. Park set the stage for an AI-infused vision of tomorrow by questioning if we are “making our lives better, how much better, and better how?” Park called on XPRIZE Foundation founder and executive chairman Peter Diamandis to illustrate what artificial intelligence enables and Landing AI founder and CEO Andrew Ng to explain how AI technologies will evolve. Open-source webOS and 5G were the cornerstone technologies for the product demonstrations by Luxoft and Qualcomm, respectively. Continue reading CES Keynote: LG Exec Asks if Life Is Better and By How Much