LG Electronics’ Australian operation has declined to disclose the extent of the downturn in its local television business, following comments from its South Korean parent at CES that weak consumer demand — particularly for TVs — was a major factor behind an expected quarterly loss. The company is reportedly set to post a loss of approximately A$169 million for the most recent quarter, traditionally one of the strongest periods for consumer electronics manufacturers. LG has been steadily losing ground to arch rival Samsung in the OLED TV segment and continues to struggle to remain competitive in the LED market. While...