Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Deutsche Boerse AG  >  LG Electronics Inc.    LGLG

Delayed Quote. Delayed  - 08/26 09:05:36 am
10.386 EUR   -0.99%
08/26 LG ELECTRONICS : Showcases latest air solutions at ifa 2016
08/26 LG ELECTRONICS : New bluetooth speakers designed for active lifestyl..
08/26 LG ELECTRONICS : Newest lg oled tvs compatible with full range of hd..
News SummaryMost relevantAll newsSector news 


share with twitter share with LinkedIn share with facebook
share via e-mail
04/30/2012 | 11:17am CEST

Unique Cloud Service Offers Content Consumption and
Seamless Connectivity via TVs, Mobile Devices and PCs

SEOUL, APR. 30, 2012 -- LG Electronics (LG) announced the beta opening of LG Cloud service on May 1 with the aim of providing seamless connectivity and streaming access to all digital content across various electronic devices. Although cloud is today's hottest IT buzzwords, LG Cloud is the first that allows users to manage and consume all types of content on "three screens" which includes Android smartphones, PCs and smart TVs (including but not limited to CINEMA 3D models) without a separate set-top box.

To use the service, users need to download the LG Cloud app from Google Play or LG SmartWorld app store from their Android smartphones, LG SmartWorld store from their LG Smart TVs or the LG Cloud website ( www.lgecloud.com ) from their PCs or laptops. LG's Cloud service automatically synchronizes smartphone content with the cloud server and the user's PC and TV. Photos and videos taken with the smartphone can be viewed and streamed to the PC or TV almost instantaneously. Videos edited on a PC can be uploaded to LG Cloud for viewing seconds later on a smartphone. Unlike other cloud services, there's very little waiting or lag time since the content is streamed to the TV, PC or smartphone, not downloaded first.

The difference is in LG's Real-time Streaming Transcoding technology. The conversion happens on the server in realtime, not on the device. There is no need to worry about installing codecs or converters, everything happens seamlessly and in the background with no involvement from the user. No other cloud service can make this same claim.

The service also works perfectly with 3D content. Vacation videos taken with an LG 3D smartphone can be uploaded via 3G or Wi-Fi to the LG Cloud service. Back home in the comforts of the living room, the family can watch the vacation footage as it streams from LG Cloud to their LG CINEMA 3D Smart TV in superb three dimensions.

To better develop cloud services that prioritize convergence, LG created a new division called Smart Business Center to focus specifically on content and services. Havis Kwon, President and CEO of LG's Home Entertainment Company, is also responsible for the new Smart Business Center.

"Most companies today only see the cloud as a storage device or in the case of YouTube or Flickr, only for one type of content," said LG's Mr. Kwon. "LG makes the devices that millions of people watch content on so we can set a new yardstick for ease of use by setting up our own cloud service. Tomorrow's consumers don't want to go to one cloud for music, another cloud for video, another location for photos and yet another cloud for their office files. In the end, our solution is about making life more convenient."

LG Cloud will be offered as both a free and paid service. Free storage space and pricing will differ market to market and will be announced separately as the service becomes available in that country.

# # #

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on LG ELECTRONICS INC.
08/26 LG ELECTRONICS : New bluetooth speakers designed for active lifestyle audiophile..
08/26 LG ELECTRONICS : Showcases latest air solutions at ifa 2016
08/26 LG ELECTRONICS : impresses again at Intersolar Europe
08/26 LG ELECTRONICS : posts 19pc increase in profit
08/26 LG ELECTRONICS : Newest lg oled tvs compatible with full range of hdr technologi..
08/26 LG ELECTRONICS : Enhance Your Lifestyle with LG Signature
08/26 LG ELECTRONICS : Auxus launches ‘Auxus 4X’ 4GB RAM Unibody Premium S..
08/25 LG ELECTRONICS : Patent Issued for Intra-Prediction Method Using Filtering, and ..
08/25 LG ELECTRONICS : Patent Issued for Method for Allocating Resources in a Wireless..
08/25 LG ELECTRONICS : Patent Issued for Mobile Terminal and Method for Controlling of..
More news
Sector news : Household Electronics - NEC
08/23DJSony to Raise Price of PlayStation Plus Service
08/23DJSHARP : Aims to Restore Image -- WSJ
08/22DJSharp to Restructure in Effort to Boost Brand
08/22DJSony to Sell Updated Model of Standard PlayStation 4
08/18DJSamsung Shares Hit Record
More sector news : Household Electronics - NEC
Financials ( KRW)
Sales 2016 55 796 B
EBIT 2016 1 833 B
Net income 2016 841 B
Debt 2016 5 749 B
Yield 2016 0,84%
P/E ratio 2016 11,15
P/E ratio 2017 8,93
EV / Sales 2016 0,26x
EV / Sales 2017 0,25x
Capitalization 8 978 902 M
More Financials
Duration : Period :
LG Electronics Inc. Technical Analysis Chart | LGLG | US50186Q2021 | 4-Traders
Full-screen chart
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 65 213  KRW
Spread / Average Target 25%
Consensus details
EPS Revisions
More Estimates Revisions
David Jung President, Co-CEO, CFO & Director
Bon-Joon Koo Vice Chairman & Co-Chief Executive Officer
Jong-Sik Kim COO & President-Executive Board
Skott Ahn President-Executive Board & CTO
Chong-Nam Chu Outside Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SONY CORP12.61%41 289
LG CORP--.--%10 266
More Results