The company currently comprises four business segments: Home Entertainment, Mobile Communication, Home Appliance & Air Solution, and Vehicle Components. LG’s Home Entertainment segment alone generated around 14 billion U.S. dollars in revenue in 2016, making it LG’s largest business segment along with the Home Appliance & Air Solution segmnt, followed by its Mobile Communication segment. In that same year, LG Electronics also maintained its position as the second largest manufacturer of LCD TVs. Smartphones are also part of LG Electronics’ product portfolio as the company sold 55 million units worldwide in 2016, a share of 3 to 4 percent of the global smartphone market.
Around 12 billion U.S dollars in revenue was generated in 2016 by LG in Home Appliance & Air Solution. In the United States, almost 70 percent of consumers have a positive opinion of LG Electronics as a supplier of home appliances.