LG makes some of the best OLED TVs and monitors in the business, but a recent announcement has revealed a major expansion of its offerings. LG CEO William Cho announced in a speech at LG Science park in Seoul, South Korea, a new direction for the company.Instead of being a hardware-oriented business, which makes most of its money when customers buy a new TV or display, it’s going to become ‘a platform-based service business model that continuously generates profits’.
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