South Korean manufacturing giant Samsung has revealed it is contemplating removing its Liquid Crystal Display (LCD) portfolio in an attempt to streamline the business.

As the world’s biggest TV and flat-screen producer, Samsung has said it is planning to concentrate on organic light-emitting diode (OLED) displays going forward.

This follows a sales dip of more than 10% in 2011 compounded by slowing demand and falling prices of LCD panels.

However, Samsung is not the only electronics manufacturer to be affected, as both LG and Sony have reported similar issues.

So, whilst LCD sales slow globally, OLED revenue is expected to rise sharply, with Samsung predicting a 600% increase by 2014.

Increasingly popular, OLED based displays are currently used across Samsung’s range, most recently in the Samsung Galaxy S2 smartphone.

It remains to be seen whether OLED technology will light the way for the future.

Jamie Stokes is Marketing Assistant at Total Ltd – a business to business service provider, delivering genuine solutions across all core telecommunication services, based in Cheltenham, Gloucestershire. Total Ltd is a business that brings together and unifies all the component parts. For up to the minute business telecommunications news, please view the Total Ltd blog

This entry was posted on Wednesday, February 15th, 2012 at 10:08 am and is filed under Telecommunications News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.