Breaking News

COLORFUL Unveils New iGame M15 and M16 Origo Gaming Laptops at COMPUTEX 2026 GIGABYTE Showcases Sleek STEALTH and Elegant WOOD PC Builds at COMPUTEX 2026 GIGABYTE Showcases Industry-leading CQDIMM Performance and Ecosystem Expansion at COMPUTEX 2026 G.SKILL Demos Trident Z5 NeoX RGB Series DDR5 with AMD EXPOT Technology NVIDIA and Microsoft Reinvent Windows PCs for the Age of Personal AI

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

LG to Boost Its Components Business

LG to Boost Its Components Business

Enterprise & IT Sep 4,2016 0

LG Electronics plans to tackle market uncertainty by realigning its revenue stream focusing on a stable business-to-business (B2B) sector. "We plan to make our B2B sectors take up half of our sales," LG Electronics' home and appliance (H&A) division chief Cho Seong-jin said in a press conference, on the sidelines of this year's IFA tradeshow in Germany, Friday.

"B2B is a stable revenue source, compared to the volatile business-to-consumer (B2C) sector," he said. "We are on a track to shift our business portfolio by offering not just components, but also systems. At the moment, some 20 percent of our sales come from the B2B sector. In particular, the parts business can become a long-term, stable revenue source, once we establish trustworthy relations with our clients."

The B2B solutions include turnkey projects for its clients. The H&A chief cited a recent partnership with Incheon International Airport over deploying humanoid robots there.

The move is in line with LG's group-wide strategy to focus on the more stable yet profitable B2B sector.

In March, LG launched its premium appliances brand ― LG Signature ― whose selection includes an organic light-emitting-diode (OLED) TV, a refrigerator with a touch-screen and a dual tub washer.

At IFA, the company also unveiled a concoction of Signature products tailor-made for European customers.

During the press conference, the appliance chief of LG Electronics highlighted that the Signature brand will have an impact on its other lineups.

"We expect the LG Signature's premium image to help drive up sales for our cheaper lineups," he said.

"Once LG Signature is acknowledged as a premium brand in the market, other products in the non-Signature lineup will also be regarded as near-premium items, due to Signature's brand power. That is what we aim for," he said.

LG Electronics also said on Sunday it will aggressively invest in robots, seeking to capitalize on advancing artificial intelligence that may eventually lead to sophisticated machines performing everyday human tasks.

The company's appliances division is preparing the firm's entry into the robotics industry with the aim to develop products that will work closely with home appliances products such as refrigerators, washers and air conditioning units.

"We will prepare for the future by aggressively investing in smart home, robots and key components and strengthen the home appliances business's capabilities," said Jo Seung-jin, head of LG's appliances business, in the statement.

Advances in fields such as artificial intelligence and wireless communications are allowing for more sophisticated machines that can talk to each other via the internet and perform more complex tasks.

Tags: LG Electronics
Previous Post
Mainstream Gaming PCs Powered by 7th Generation AMD A-Series Processors Debut
Next Post
How 'Pokemon Go' Works

Related Posts

  • LG Electronics Introduces World’s First Native 1000Hz Full HD Gaming Monitor

  • LG Electronics Introduces First UltraGear evo Hyper Mini LED 5K Gaming Monitor

  • LG Electronics Unveils New LG MAGNIT Micro LED Display at ISE 2026

  • LG Electronics Expands Its Lifestyle TV Lineup With the New Art-Inspired Gallery TV

  • LG releases QNED MINI LED TVs, setting a new standard for LCD picture quality

  • LG Electronics announces 31.5-inch 4K organic EL display 32EP950-B

  • LG rolls out 2021 TV lineup with OLED TVs and Mini-LED TVs

  • LG Electronics' 'Wing' Smartphone Said to Have a Swivelling Display

Latest News

COLORFUL Unveils New iGame M15 and M16 Origo Gaming Laptops at COMPUTEX 2026
Consumer Electronics

COLORFUL Unveils New iGame M15 and M16 Origo Gaming Laptops at COMPUTEX 2026

GIGABYTE Showcases Sleek STEALTH and Elegant WOOD PC Builds at COMPUTEX 2026
Cooling Systems

GIGABYTE Showcases Sleek STEALTH and Elegant WOOD PC Builds at COMPUTEX 2026

GIGABYTE Showcases Industry-leading CQDIMM Performance and Ecosystem Expansion at COMPUTEX 2026
PC components

GIGABYTE Showcases Industry-leading CQDIMM Performance and Ecosystem Expansion at COMPUTEX 2026

G.SKILL Demos Trident Z5 NeoX RGB Series DDR5 with AMD EXPOT Technology
PC components

G.SKILL Demos Trident Z5 NeoX RGB Series DDR5 with AMD EXPOT Technology

NVIDIA and Microsoft Reinvent Windows PCs for the Age of Personal AI
Enterprise & IT

NVIDIA and Microsoft Reinvent Windows PCs for the Age of Personal AI

Popular Reviews

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

Crucial T710 2TB NVME SSD

Crucial T710 2TB NVME SSD

JSAUX 65Wh Rog Ally Battery

JSAUX 65Wh Rog Ally Battery

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed