Your browser is not Javascript enable or you have turn it off. We recommend you to activate for better security reasonLG Electronics reaches 10 million milestone with OLED TVs - FlatpanelsHD

LG Electronics reaches 10 million milestone with OLED TVs

19 Nov 2021 | Rasmus Larsen |

LG Electronics has shipped 10 million OLED TVs since the launch of the first model in 2012-2013, according to analyst firm Omdia. Sales are accelerating.

OLED TV milestone

It took the South Korean TV manufacturer 7-8 years to sell its first 5 million OLED TVs, but it took just 2 years to sell the next 5 million, the report from Yonhap noted. - "Analyst firm Omdia said LG's TV business logged strong growth in the July-September period, selling 899,000 units of OLED TV, up by a whopping 80 percent from the same period last year," reported Yonhap. "For the first nine months of this year, a total of 2.63 million units of LG OLED TVs were shipped, double the tally from a year ago and already surpassing last year's total shipments." The report did not disclose OLED TV sales for other manufacturers such as Sony, Panasonic and Philips (there are approx. 20 in total), but did note that global OLED TV shipments reached 1.53 million in the third quarter of 2021. Sales are expected to surpass 2 million in the fourth quarter, for a total of 6.5 million unit sales in 2021 (up 80%). In the third quarter, LG Electronics accounted for almost 60% of OLED TV sales globally, and OLED TV sales will soon take up over 30% of the company's total TV sales as measured in value.


LG's first OLED TV from 2012. Photo: LG Electronics

Samsung to challenge LG next year

LG Electronics unveiled its first large-sized (55-inch 1080p) OLED TV in early 2012. It launched in a few regions later in 2012 for around $8000 and more widely in 2013. You may recall that LG briefly experimented with curved OLED TVs before it found its way. Early models also supported passive 3D technology. LG is currently selling 48- to 88-inch OLED TVs with either 4K or 8K resolution. The company is expected to expand its line-up to include both 42-inch and 97-inch models next year. Samsung unveiled its first OLED TV at the same time but ultimately abandoned the project of commercializing RGB OLED TVs due to low production yields. Samsung, one of the remaining holdouts, is expected to reenter the segment next year with a new QD-OLED panel type. Sony is also rumored to launch QD-OLED TVs while TCL, another holdout, is investing in inkjet-printing OLED technology. - Source: Yonhap, Omdia

Latest news


New VVC video codec 41% more efficient than HEVC for 8K, study finds

01 Dec 2021 | Rasmus Larsen |
Sony XH90 VRR

Sony X900H/XH90: New firmware with official VRR mode & HGiG rolling out – update

01 Dec 2021 | Flatpanels |
BBC iPlayer PS5
YouTube HDR PS5

YouTube app updated with HDR support on PlayStation 5

30 Nov 2021 | Rasmus Larsen |
Sonos Beam Gen 2

New cylindrical Sonos Sub Mini referenced in the Sonos app

30 Nov 2021 | Rasmus Larsen |
Samsung IPS LCD

Samsung to buy more LCD TV panels from LG Display next year; report

26 Nov 2021 | Rasmus Larsen |
Black Friday TV deals

Black Friday 2021: Updated with Apple TV 4K, Shield, OLED TVs, AirPods, Fire TV, more

26 Nov 2021 | Flatpanels |
Apple TV on Fire TV

Apple TV app updated to support Dolby Atmos on Amazon Fire TV

25 Nov 2021 | Rasmus Larsen |