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LG's record profit shows that Samsung has missed OLED TVs



LG posted a record 1.11 trillion won ($ 1.03 billion) in sales in the first three months of the year, with sales of $ 15.12 trillion ($ 14.1 billion) the highest for the first quarter of the company's history. Outstanding performer was LG's Home Entertainment division, which showed a 76.5 percent increase in operating income year-on-year, mainly due to the sale of high-end OLED and "Super UHD" 4K LED TVs is due. LG says there is "rapid growth" in the premium TV market.

LG's biggest rival, Samsung's long-standing TV leader, is also focusing on higher-end devices, but sales slumped in the same quarter as less expensive products were sold. Both companies expect strong TV sales in the second quarter as a result of the World Cup in June ̵

1; the largest single sports event in the world and traditionally one of the biggest drivers of global TV upgrades. However, LG's growth is more sustainable.

The OLED devices from LG are among the best you can buy, and the LG Display subsidiary has essentially a monopoly on OLED panel production for other TV companies. Samsung is currently producing no OLED TVs at all – currently it drives quantum dot LED TVs under the brand name "QLED" with the long-term goal of bringing the truly new MicroLED technology to market. The company unveiled a giant modular MicroLED television called "The Wall" at CES in January and plans to sell it in August. At the moment, however, it looks like Samsung has been outmaneuvered by its local high-end rival.


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