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02-20-2012, 09:09 AM #1
Samsung Confirms 'Spin Off' LCD Business
After weeks of speculation and hot gossip from the tech rumor mill, Samsung on Monday confirmed that which we've all expected the Apple supplier to announce sooner or later. Samsung verified plans today that it will spin off its struggling LCD manufacturing business into a new company early this spring.
The new corporate entity - Samsung Display Co. - is yet to be authorized the shareholders, but the move still comes as a significant effort by Samsung to achieve its goal of "structural change" in the display business.
Much of that "change" has to do with the television market's decreased appetite for LCD screens and a growing demand for OLED televisions. According to the latest industry estimates, the LCD television sector is on pace to suffer a global sales decrease of 8 percent by 2015. By 2018, on the other hand, OLED televisions are expected to represent 16 percent of the television market. Currently, they claim only a 4 percent market share.
“It’s a good decision for Samsung Electronics,” James Song, an analyst at Daewoo Securities Co., tells Bloomberg this morning. “The long-term direction for their display business is going OLED. They can improve efficiency of investment by combining similar businesses.”
02-20-2012, 10:09 AM #2
Are their LCD Displays business different to the LED Displays? Samsung supply displays to so many people, Apple included, and make some of the best quality TVs on the market. Crazy to think that even though overall Samsung made a ton of money last year, their TV display business made a loss.
Btw, this article has really no purpose to be published on an Apple-centric website. Sure Samsung supply Apple with components, but these LCD's aren't one of them. Just feels like some flame-bait.
02-20-2012, 11:18 AM #3
OLED TVs currently make up 4% of the current market? Where can I find one of these, apparently very commonplace, OLED TVs? Clearly my understanding of what constitutes a TV doesn't coincide with whoever wrote this article.
02-20-2012, 12:11 PM #4
02-20-2012, 12:58 PM #5
Wait I thought this was an apple news site. When did they decide to become a source if news for Samsung?
02-20-2012, 01:51 PM #6