LG Electronics To Continue Dominating OLED TV Market In 2018
LG Electronics will increase the consumption of large-sized OLED panels for TV production by more than 30% to two million units in 2018, allowing it to continue dominating the large-sized OLED TV market, according to industry sources.
LG Electronics used 1.5 million large-sized OLED panels rolled out by its subsidiary LG Display (LGD) in 2017.
To meet increasing demand from LG Electronics and others, LGD plans to ramp up the production of large-sized OLED panels to three million units in 2018, up from two million units a year earlier.
In addition to shipping two million OLED panels to LG Electronics in 2018, LGD is also expected to ship 500,000 OLED panels to Sony and a certain amount to China's TV makers, said the sources.