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LGD Cuts OLED Sales Forecast

LG Display has updated its OLED TV sales forecast and revealed this is in its quarterly presentation. The company now expects to see between 400,000 and 500,000 TVs in 2015, and 1 million in 2016.

LGD’s previous forecast had targeted 600,000 sets this year, and 1.5 million next year. OLED-Info believes that the reduction is not wholly negative, however, as LGD is now aiming at fewer large (65″ and 77″) TVs, rather than a larger number of smaller (55″) sets. LGD said that for 55″, its yields are now similar to LCD, although larger sizes are at lower levels still.