LG Electronics is reportedly planning to release its rollable TV by the end of October. The company has already been accepting orders from its customers in the highest level of membership.
LG Display continued to lose money in the second quarter, beset by falling demand for televisions and smartphones in the wake of the coronavirus pandemic and stagnant prices of liquid crystal display panels.
The growing popularity of organic light-emitting diode (OLED) televisions could be a big opportunity for LG Display, the sole producer of large-sized OLED TV panels, to recover its losses, according to analysts.
Loss-making LG Display thinks part of the answer may lie in "solutions." The company, which is 37.9 percent owned by LG Electronics, has been hit hard as Chinese manufacturers move aggressively into the display business.
Korea's big electronics companies will likely lose their global dominance in mobile OLED panel production to Chinese competitors by 2024 as Chinese panel makers ramp up production to seize on the growing demand for the advanced screen type.
The latest disagreement between Samsung Electronics and LG Electronics — this fight over premium TVs — has reached a tentative conclusion after the two companies told the Fair Trade Commission (FTC) to stop its investigations.
Samsung Electronics' share of the global market for TV sets hit an all-time high in the first quarter, despite an overall market drop due to the coronavirus pandemic, a research firm said Tuesday.
Huawei recently placed an order with Samsung Display for organic light-emitting diode (OLED) panels to be used as the main display in its foldable smartphones, industry sources said.