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LG to triple OLED telly sales

by on07 January 2016

Ramping up manufacturing

LG has told the world that it will be ramping up production of OLED TV sets this year in a move which should establish the technology in the market place and drive down cost.

LG TV chief Kwon Bong-suk made the comments on the sidelines of the CES trade show in Las Vegas and they were later confirmed by his head office. 

Kown said LG could at least triple sales of OLED sets based on fourth-quarter numbers.  While this sounds rather a lot, no one is really certain how many OLED tellies made in the fourth quarter so it might be a bit less than it sounds. .

LG is the world's No. 2 TV maker behind domestic rival Samsung.  It is betting the farm on OLED, hoping that the new technology will help it get ahead of rivals.

The firm cut prices of some OLED TV models by as much as 45 percent late last year in the United States and appears to have stimulated some demand.despite failing to get the less-than-lucrative contract for the Farrell household's 4K replacement flat screen.


Last modified on 07 January 2016
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