A 55′ OLED TV from LG. By 2012. That’s the word from LG Display CEO Kwon Young-soo speaking as the company announced it’s second quarter results.
He also stated that LG will drop plans to produce any small or medium size OLED panels for mobile devices and tablets.
“We will make no more investment in the sector, judging that the OLED business is relatively less profitable than other products in the mobile sector.”
Instead, all efforts will now be concentrated on producing large size OLED televisions.
According to Kwon, ‘Initial production volume would be only tens of thousands of units due to limited production facilities, but we will expand them to a mass production system, observing market reactions.’
This is great news for OLED TV enthusiasts as a large screen OLED television is finally on the horizon.
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