The recession has had massive global repercussions, from a significant downturn in consumer spending, right down to morale levels. Fortunately the recession hasn’t hit LG’s product line as they continue full steam ahead with some great 2010 innovations.

Despite the current economic slump, LG Electronics Inc. yesterday reported record revenues and operating profits in the fourth quarter of 2009, and results for 2009 as a whole were up on the previous year. Annual sales for 2009 were globally up by 12.5% to a company high of KRW 55.5 trillion (over 27 billion GBP), with flat panel TV sales alone going up by an impressive 52%, showing how LG really are one of the brands at the forefront of home entertainment technology.

Never one to stand still when advancements can be made, LG expect profits to continue to rise across the board as the economy recovers, with LG Mobile targeting a 19% rise in profits and a 20% increase in the number of handsets sold  with the introduction of a new range of  android phones, starting with theGW620.

Sales of LCD TVs are expected to rise considerably this year with the impending summer of sport and the release of the UK’s first 3DTV in April can only make this the best year ever.