LG awards Video Home for highest growth in TV sales in the GCC

 20 Oct 2016 - 0:13

LG awards Video Home for highest growth in TV sales in the GCC
From Left: From Video Home, Rajesh Menon — Divisional Manager, LG TV; Uday Bhagat — AGM Finance; Mohammed Anis — General Manager, receiving the highest Growth in GCC award from YG Choi — LG President Gulf, in South Korea.

The Peninsula

SEOUL: LG recently held its annual conference in Korea with its distributors from the Middle East to discuss business plans for the year 2017.
During the conference, it also awarded top performing companies for excellence. Video Home & Electronics Centre was awarded for the highest growth in sales in televisions among other distributors from the Middle East. The team from Video Home on their visit to Korea was also given a tour of the R&D facility of LG and was taken through the product road map for 2017 of new products that will be introduced in Qatar.
C V Rappai, Director & CEO of Video Home & Electronic Centre, said, “We are proud to receive this recognition, it is all the more special to us as this year we are also celebrating our 30 years of partnership with the LG brand. Qatar is a rapidly growing market in the GCC and the premium television segment continues to show robust growth with demand for new technologies like OLED on the rise. This award also demonstrates the consumer confidence in LG televisions.”
LG introduced the OLED TV in Qatar last year which greatly helped increase the sales of television in the country. Coined as a revolutionary new technology, OLED allows for televisions to display true black in a way other TV technologies sold today just can’t. With this incredible precision, OLED TVs can render crisp, nuanced images down to the most precise details. OLED’s deep black also serves as the perfect backdrop for rendering vibrant colors without light noise interfering with the picture.
LG’s technological advancements in OLED technology is also promising with the potential it has created by expanding the market share in the premium TV market. According to latest reports, LG plans to triple its OLED TV sales while the company doubles its UHD TV global market share. Research firm IHS estimates that the size of the UHD TV market would expand by up to 150 percent by the end of 2016, while the OLED TV market volume would triple during this year.