Quantcast
Jump to content


THE ESSENTIALS OF LUXURY IN TECH: INNOVATION


Recommended Posts

With home still the place to be in early 2021, many consumers are investing in ways to make their living environments more comfortable, convenient, healthy and even a little bit more stylish. So much in fact that high-end home categories including premium household appliances, premium furniture and designer interiors are seeing across the board growth this year.

LG-Signature-01-600x308.jpg

In a recent survey conducted by the Luxury Institute’s Global Luxury Expert Network (GLEN), 56 percent of respondents agreed that high-end home appliances will see a jump in sales throughout 2021, while 68 percent felt the same about the home furnishings market and 96 percent expressed confidence in the continuing growth of the health and wellness sector.1

LG-Signature-02.jpg

With more time spent at home, consumers are fueling a boom in the home furnishings market as they find more time to curate their own living spaces. It might be argued that this trend is long overdue since who wouldn’t agree that homes should be designed by the people who are going to spend the most time in them? And premium furniture brands seem more than happy to embrace innovation while still adhering to their brand heritage and design identity.

Pairing timeless beauty with exclusive technical and design innovations, Italian luxury furniture maker Molteni provides the customization options – and style – that discerning consumers demand. A great example of this is Molteni’s tailored wardrobe system which offers a range of material and design choices, including doors with 180-degree hinges, exposed aluminum frames inlaid with four-millimeter-thick crystals and handles made from pewter or clad in eco skin.2

LG-Signature-03.jpg

Interior design can reflect current aesthetic trends and the technology as well as the individual tastes and lifestyles of a home’s occupants. Since the arrival of the pandemic, many people are choosing materials, fixtures and products for the home not only for reasons of lifestyle-fit, but because they create a more sanitary environment.

Several brands including Kohler and Marazzi have introduced solutions for a healthier, more hygienic living space to meet growing consumer demand. Kohler introduced a collection of touchless and voice-activated kitchen faucets compatible with Alexa and Google and toilets with hands-free flushing, to reduce the chances of spreading germs.3 Italian tile manufacturer Marazzi introduced antibacterial Carácter tiles with antibacterial properties.

LG-Signature-04-600x424.jpg

LG is also seeing strong interest in its luxury lifestyle products under the LG SIGNATURE brand. A perfect example is LG SIGNATURE Wine Cellar with InstaViewTM technology. With wine sales up during the pandemic, this might just be the perfect home furnishing for vino lovers to store different wine varieties in precisely-controlled, customizable climate zones for their viewing pleasure without opening the door – which would disturb the consistent temperature – with a simple knock.

LG-Signature-05.jpg

LG SIGNATURE honors the essence of each product it makes, elevating both functionality and aesthetics with state-of-the-art technology and distinctive, minimalist design. Cue LG SIGNATURE OLED R, the world’s first rollable TV that movie lovers will want to choose over the cinema. The TV’s 65-inch flexible OLED display delivers supreme picture quality and creates new design possibilities and spatial freedom by disappearing from view when not in use. LG’s revolutionary TV offers three compelling modes – Full View, Line View and Zero View – where the amount of visible screen changes to suit the content or the situation.

Empowered with advanced technology, stylish design, and hygiene-promoting features, the today’s luxury products represent innovation at its finest. The new wave of home-living solutions, like those from LG SIGNATURE, are making life infinitely more comfortable and elegant in the stay-at-home era.

# # #

1 , PR Newswire, Oct. 1, 2020.
2 .
3 , PR Newswire, Jan. 11, 2021.

link hidden, please login to view

Link to post
Share on other sites


  • Replies 0
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Similar Topics

    • By News Reporter
      Highest Quarterly Sales Ever As Mobile Division Officially Winds Down

      SEOUL, July 29, 2021 — LG Electronics Inc. (LG) announced its highest quarterly revenues ever as the company continued to expand its market share for premium home appliances and consumer electronics outside of South Korea. Worldwide consolidated revenues of KRW 17.11 trillion (USD 15.26 billion) rose 48.4 percent from the second quarter a year ago. Second-quarter 2021 operating profit increased 65.5 percent from last year to KRW 1.11 trillion (USD 992.08 million). Results for the LG Mobile Communications Company, which officially winds down at the end of July, are considered discontinued operations and are no longer included in quarterly earnings reports.
      The LG Home Appliance & Air Solution Company reported revenues in the second-quarter of KRW 6.81 trillion (USD 6.08 billion), a healthy increase of 32.1 percent from the second quarter a year ago. Operating profit grew 6.8 percent from last year’s second quarter to KRW 653.60 billion (USD 582.75 million), mainly driven by stronger sales in markets outside of South Korea and improved resource management, although costs are expected to increase as raw materials become scarcer while the pandemic-impacted world begins to return to normal. Product competitiveness and operational efficiencies are expected to help LG maintain sales and profit momentum for major appliances in key markets.
      The LG Home Entertainment Company grew its revenues to KRW 4.04 trillion (USD 3.60 billion) in the second quarter, a substantial 79.1 percent increase compared to the same period last year. Operating profit soared to KRW 333.50 billion (USD 297.35 million), an increase of 216.4 percent year-on-year thanks to the growing popularity of premium OLED TV products and the recovery of the global TV market, which was negatively affected last year due to retail store shutdowns. With the price of TV panels continuing to rise, LG’s Home Entertainment strategy will center on growing the premium TV segment and nimble inventory management.
      The LG Vehicle component Solutions Company achieved second-quarter sales of KRW 1.88 trillion (USD 1.68 billion), a significant increase of 106.5 percent from the same period of 2020 as a result of the recovering automotive sector and increase in demand for electric vehicle (xEV) parts. The company experienced an operating loss of KRW 103.20 billion (USD 92.01 million) as the price of automotive semiconductors increased dramatically during the quarter. Leveraging its expertise in advanced electric vehicle components, LG’s previously announced joint venture with Magna International, a new company called LG Magna e-Powertrain, was officially launched this week.
      The LG Business Solutions Company recorded second-quarter revenues of KRW 1.69 trillion (USD 1.50 billion), a solid increase of 28.9 percent from a year ago largely driven by continued strong demand for PCs, monitors and gradual recovery of digital signage and hotel TVs. However, operating profit declined to KRW 61.70 billion (USD 55.01 million) because of higher price of key components such as LCD panels and solar wafers. Second-half plans for profitable growth hinge on continued B2B market recovery, coupled with stabilizing supply of major components and actively reducing costs.
      2021 2Q Exchange Rates Explained
      LG Electronics’ unaudited quarterly earnings results are based on IFRS (International Financial Reporting Standards) for the three-month period ending June 30, 2021. Amounts in Korean won (KRW) are translated into U.S. dollars (USD) at the average rate of the three-month period of the corresponding quarter — KRW 1,121.58 per USD.
      Earnings Conference and Conference Call
      LG Electronics will hold a Korean / English conference call on July 29, 2021 at 16:00 Korea Standard Time (07:00 GMT/UTC). Conference call participants are instructed to pre-register online to receive a private PIN, dial +82 31 810 3130, enter passcode 6418# and then the PIN. The corresponding presentation file will be available for download at the LG Electronics  before the call.
      # # #

      link hidden, please login to view
    • By David Joseph
      Since the start of this month using youtube is just hectic after one music its followed by an add, try watching something its like watching a series of ads, kindly add something on the web OS to manage this or if anyone has a solution kindly share 
    • By fillysun
      Summer Day is coming!! Currently DRmare Software is holding a party to give free gift to all users. Just join and get a free and cool summer gift there. By the way, you can get larger discount in DRmare to buy the tool you want. For more details, please visit: 
      link hidden, please login to view
    • By Tanni
      My Lg TV which has the smart functions and magic remote is playing up. 
      I often use web browser or you tube or similar apps to watch videos etc. 
      Recently however, it keeps crashing and displays a message to the effect that the memory in the app is low or it need to close to free up more memory? 
      My TV is less then 2 years old and is doing this. I love the telly and the smart features especially the web browser function, however this recent issue is making me think about the longevity of such LG smart TVs and whether I should've spent a few hundred more and got another telly. 
       
      Please can someone advise what I can do to fix this as it takes away the whole point of smart TV. 
      Thanks 
    • By Katelyn Jones
      I have apps appearing but there is no LG app content store app appearing.  I cant find instructions on why it isnt there automatically or how to find it.
       
       
       







×
×
  • Create New...