Samsung Is In Search Of Different Options To Sustain Its LCD Business And Turns Into a Profitable Venture

Posted on Feb 14 2012 - 10:05am by Editorial Staff

The South Korean Electronics giant Samsung which earlier has seen stronger TV sales so far this year and even plan to introduce cheaper TVs, as lower-end models results in higher demand said on Tuesday that it is considering different options to improve competitiveness of its loss-making LCD flat-screen business.

The company saw record earnings recently for the fourth quarter last year results with a 17% rise in profits in the final three months of 2011 strongly urges the need of potential restructuring which comes after it ended its LCD venture with Sony and as demand growth for flat-screens weakened sharply due to rising competition from China and slack television sales globally.

“We are internally reviewing various options but nothing has been decided yet,” Samsung spokesman James Chung said. Some analysts also believe that Samsung may merge its profitable OLED business with its LCD operation and also covert part of LCD production capacity into OLED manufacturing lines.

(Image Source: Samsung logo, Featured Image)

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