These are the dog days of Summer with temperatures in the upper 90s and low 100s. It's a time when many people go on vacation or "go on holiday" --as some like to call it. Those of us reading this missive are not on vacation, but pushing onwards. And, so are products and technology. We are still celebrating Christmas and Holidays in July and August. Last week, LG held their summer line show at Madame Tussauds in New York City, and today (August 2), Dell was also in town to celebrate the holidays as well with Christmas trees and all. I spoke about Dell briefly in my newsletter this week, let's turn our attention to LG.
LG Electronics continues to see impressive growth across all divisions. For the first half of 2006, brand revenues grew by 11 percent from the first half of last year. For the full-year 2005, LG revenues in the United States, Canada and Mexico increased by more than 17 percent, with sales totaling $9 billion. As the world's largest producer of flat-panel displays, LG continues to capitalize on their technology leadership for the U.S. market because LG Electronics that possess core technologies in-house. LG showcased a variety of technologies and products, including an all-new 47-inch LCD HDTV with 1080p resolution; a sleek new 60-inch plasma HDTV model; and LG's exclusive LCD and plasma HDTVs with built in high-definition digital video recorders that combine style and functionality. While LG is expected to make a marketing push with them this Fall, they do have issues with cable and satellite, which have to be overcome before these types of products are more successful. Also on display were the latest digital audio-video technologies and innovations in computer monitors.
The new 47-inch Digital Cable Ready LCD HDTV (47LB1DA) features the progressive-scan, full high-definition 1920 x 1080p display format, and providing consumers with the most lifelike images available. But the picture quality is about more than just resolution. The 47LB1DA also features a 14-bit color processor, 1,600:1 contrast ratio and the latest generation of LG's XD Engine to ensure accurate color reproduction and the best possible picture, even from analog sources. Featuring LG's fifth-generation "VSB" chipset for optimal digital TV broadcast receptions, this 47-inch LCD HDTV is equipped with ATSC/NTSC/QAM tuners and is CableCard compatible. Other convenience features include TV Guide On-Screen' electronic program guide, multiple HD inputs, including two HDMI inputs with HDCP, and a swivel stand. The unit is also VESA compatible for convenient installation. The 47LB1DA is planned for August introduction with a manufacturer's suggested retail price of $3,999.
Poised for explosive growth in the large-screen segment of the plasma market, LG is also introducing a new 60-inch Plasma HDTV (model 60PC1D). This large-screen beauty incorporates the same unique design as the previously released 50PC1DRA, which was the recipient of the renowned reddot international design award. But its beauty is not only skin deep. This model also uses the latest XD Engine and features a 7,000:1 contrast ratio. Built-in ATSC/NTSC/QAM tuners (with LG's powerful fifth-generation VSB digital TV reception chipset) and two HDMI inputs as well as other connectivity options will make this set the ideal centerpiece for any home theater. The 60PC1D, which is expected to be available in September, at a manufacturer's suggested retail price of $5,899. Think about how far plasma TVs have come when a 60-inch model sells for less than $6,000. It wasn't that many years ago when a display of this size commanded a price of $30,000. Just mind-bogging.
Try and stay cool!