LG Electronics reported better-than-expected first-quarter earnings, helped by a near doubling of profits in its TV division.
Falling behind by a wide margin, competitors Sony, Panasonic and Sharp are expected to post a combined loss of $21 billion.
Beating out LG, on the other hand, is the leader in the flat screen market, Samsung. Whereas LG raked in profits of $190 million in the first quarter, Samsung achieved record profits of $5 billion in March alone.
LG is expected to introduce its organic light emitting display (OLED) TV in May. This would put it well ahead of a similar launch by Samsung and give it a possible edge in the flatscreen market.