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LG to boost OLED TV production by 70% in 2016

Tuesday 6 September 2016 | 12:02 CET | News
LG Electronics said it will boost production of high-end ultra organic light-emitting diode (ultra OLED) TVs by 70 percent this year, in an attempt to increase profitability, The Korea Times reports. LG says more than half of its OLED TV sales came from ultra OLED TVs in the first half of this year, compared to one-third last year, on the back of rapid growth of the high-definition 4K TV market worldwide. In the same period, the operating-profit-to-sales ratio of the company's home entertainment (HE) business division reached 8.1 percent.

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Categories: Mobile & Wireless
Companies: Best Buy / LG
Countries: World
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