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LG to focus on Cinema 3D monitors

LG Electronics is planning to concentrate more on Cinema 3D monitors

LG Electronics is planning to concentrate more on Cinema 3D monitors, in an effort to further strengthen its position in the LCD monitors market.

According to a study by DisplaySearch, the Korean firm sold 2.92 million units of LED-backlit LCD monitor around the world last year, claiming 18% of the 16.68 million-unit market.

Si-hwan Park, vice president of the monitor division at LG's Home Entertainment Company, said: "This represents a strong endorsement of LG's drive to increase investment in R&D over the last 12 months.

"The reason for our success is simple: We've focused on listening to our customers and then innovating around those needs.

"To keep on growing our market share, we're going to be moving strongly into CINEMA 3D monitors in the near future."

LG is hoping to gain a 20% market share this year with the help of its In-Plane Switching (IPS) panels and Cinema 3D monitors. The firm will mainly focus on "sophistication and slim design".

Copyright Press Association 2011

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