LG to launch 55-inch OLED TV

It is reported unexpectedly from the Executive Director of LG Electronics, Mr. Kwon Young-soo, the South Korean media reported at the meeting the business of the company in the second quarter.

Pictures Engadget

Kwon Young-Soo told reporters not to focus on efforts to develop the technology OLED (organic light-emitting diode), mainly used for tablet PCs and other mobile devices. The reason is that there are currently many gaps in technology AH-IPS (Advanced High Performance In-Plane Switching) LCD.

Kwon said: "We will not invest more mobile sector, because the OLED business will profit less than other products in the field of mobile phones."

Instead of investing in OLED displays for mobile phones, the company will put all his effort into OLED TV screen larger, and it will launch 55-inch OLED TV in the second half of next year.

He acknowledged that LG will produce a volume of at tens of thousands of units of products by manufacturing facilities are limited, but it will expand a mass production system through observation of market reaction the star field.

Reportedly, the TV market accounted for half the sales of LG Display. Large OLED screens promise to help companies get more profit.