LG Display's CTO says that the company current generates about 10% of its revenues from OLED displays, but it expects OLED's share to reach 50% by 2020.
Currently almost all of LGD's OLED revenues come from OLED TV panels. LGD managed to reach production yields of 80% in two years, while this took 10 years to reach the same yields in LCD production. The price decline rate of OLEDs have been faster than that of LCDs - which makes LGD optimistic it will be able to increase production and profits going forward. OLEDs of course also have other advantages of LED LCDs, including the possibility of a flexible design.
By 2020, LGD's OLED capacity will be six times its capacity today - and its plastic OLED capacity will be 14 times what it is today. This fantastic growth rate will require massive investments of course, and LG already committed to building new OLED TV and small flexible OELD fabs.
Comments
This is not true, the prices were set similar to the ones set in 2016 (of course these are higher now as last year's model are sold at a lower cost).
What price decline? 2017 LG OLED TVs are much more expensive than last year TVs.