LG Shipping Google-Connected TVs May 217 May, 2012 By: Erik Gruenwedel
Google’s moribund Google TV platform could get a boost May 21 when consumer electronics manufacturer LG begins shipping two Internet-connected LED models.
The models feature 47-inch and 55-inch screen sizes and retail for $1,699 and $2,299 each, according to Reuters, which cited a quote from LG executive Ro Seogho.
Google and LG are looking to jumpstart the evolving Web-connected TV market, which is expected to get a boost when Apple bows a standalone TV production line as early as this fall.
IHS iSuppli projects the Web-enabled TV market will expand about 60% in 2012 to 95 million sets, compared with 2% growth for the overall TV market. Since launching in 2010, Google TV has seen little retail or consumer traction despite offering direct connection to YouTube videos and the Internet on the TV screen.
Indeed, the CEO of Logitech, which manufactured a wireless remote and QWERTY keyboard for Google TV, called its association with the platform’s launch “a big mistake,” including contributing to a $100 million loss in operating income.