Wed, Feb 20, 2013 - Page 15 News List

Samsung targeting OLED television sales in first half

Bloomberg

Models pose with Samsung Electronics’ new 75-inch F8000 Smart LED TV during a media conference in Seoul, South Korea, yesterday.

Photo: AFP

Samsung Electronics Co, the world’s largest television maker, plans to start selling TVs using a technology allowing brighter and sharper images in the first half to extend its market lead.

The ultra-thin TVs will feature organic light-emitting diodes (OLED), Yoon Boo-keun, head of Samsung’s consumer electronics unit, said after a company briefing in Seoul yesterday, without giving more details. Samsung also will introduce other smart TVs starting this weekend in South Korea, with features such as voice-recognition capability and 3D images, the company said in a statement.

Samsung and closest TV-making rival, LG Electronics Inc, are focusing on OLED and other pricier models as unit sales slow amid a shift in consumer preference toward portable devices, such as smartphones. A stronger won and a weaker yen are also increasing competitive pressure on the South Korean manufacturers from Japan’s Sony Corp and Panasonic Corp.

“We will continue to focus on the premium segment as that’s the fastest-growing market,” Kim Hyun-suk, head of Suwon, South Korea-based Samsung’s TV operations, said at a briefing in Seoul. Sales in the global premium TV market will expand by between 30 and 40 percent this year, Kim said.

Samsung’s new smart TVs that go on sale this weekend will be priced at about 5 million won (US$4,600) for a 55-inch model, Park said. That compares with about 3.6 million won for an LG smart TV.

TV sets using OLEDs offer sharper and brighter images than current liquid-crystal-display models and consume less power. They are also thinner as they don’t require the use of a backlight.

Seoul-based LG said on Jan. 2 that it started selling a 55- inch OLED set in South Korea for 11 million won, giving the company a headstart in mass-marketing such TVs. LG will expand OLED TV sales to North America, Europe and other Asian markets in the first quarter, it said at the time.

LG plans to increase TV sales 15 percent this year by focusing more on models using new display technologies, including Internet-enabled TVs featuring 3D capability and OLEDs, it said on Thursday.

Samsung’s consumer electronics unit, which makes TVs and home appliances, boosted operating profit to 740 billion won last quarter from 540 billion won a year earlier, helped by high-margin models, such as those featuring 3D capability.

Samsung sold more than 51 million flat-screen TVs worldwide last year, while LG sold about 30 million units.

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