What They Say
Quoting Omdia as the source, the BusinessKorea blog reported that OLED TVs accounted for 38.9% of the value of LGE’s total TV sales in Q4 2021, up from 20.4% in Q4 2019 and a new record share. Overall, LGE took 18.5% of the global TV market in Q4 (which makes LGE’ OLED TVs worth 7.2% of all TV sales by revenue, by our calculation).
The HE Business Division which looks after the TV division saw sales growth of 30.6% in 2021 to $13.88 billion. Sales are expected to stay at about $3.6 billion in Q1 2022 and analysts say that LGE will see more than 5 million TV sales this year.
LG Display also did well in 2021, with sales of $23.45 billion in 2021, up 23.1%, and with 40% of sales coming from OLEDs. Profit for LGD was $1.8 billion in 2021. Large OLEDs should get past 10 million units this year.
The article quotes Omdia as forecasting QD-OLED production from SDC at 1.25 million in 2022.
What We Think
Although LGD is finally getting its large OLED business to profit, investors have not been over impressed. (BR)
LGD Stock chart – source Yahoo Finance
