LG is to boost output of its OLED high-end TV displays by 70 per cent this year in order to tap into consumer demand.

The Korea Times is reporting that production will rise 70 per cent this year and that LG is now claiming a market share of about 90 per cent of OLED sales. Overall, about half of LG’s OLED sales have come from high-end UHD sets, compared to one-third last year.

“Through a period of meaningful growth in the last three years, OLED has become the mainstream in premium TVs,” said Kwon Bong-seok, EVP of LG Electronics’ HE Business Division, speaking at the IFA electronics show in Berlin. “OLED will solidify its position as a central mega-trend this year,” he told IFA delegates.

LG is now turning out UHD OLED sets in ranges from 55”-77”, although the company admits that competition will become stronger in the OLED space and they expect at least 10 other electronics companies will be turning out OLEDs by the end of this year.

Other posts by :

1. NAB vs CTIA on C-band release
2. Laser terminals to operate at 100x faster
3. Starlink success in Spain, but South Africa proves difficult
4. RocketLab doubts over Mynaric bid
5. IRIS2 free for government usage?
6. Bank: AST SpaceMobile will orbit 356 satellites by 2030
7. SpaceX launches 600th rocket
8. Starlink: 10m customers and counting
9. SES predicts end of ‘big’ Geo satellites

Categories: Articles, Connected TV, In Home