real estate

Why Samsung may have sold $4bn worth of OLED TVs in the first half of 2018

Samsung Electronics Co., Ltd.

(SSNLF) sold $5.7bn worth (3.5 trillion won) of OLED televisions in the second half of 2017 and another $1.3bn worth in the third quarter, according to a report by Bloomberg New Energy Finance.

In total, the company sold about $4.8bn of OLED TV screens in the quarter, while the total value of its OLED business rose to $4,988m, Bloomberg said.

It said the total amount of OLED sales in the year ended March 31, 2018 stood at $4 billion.

The number of OLEDs sold in the world rose from 1.2 million units in the fourth quarter of 2017 to 1.5 million in the latest quarter, and about 1.4 million units were sold globally.

OLEDs are widely used in TVs, computer monitors and other displays.

Samsung sold 1.9 million TVs in China in the previous quarter, up about 12% from the year before.

In Japan, the number of TVs sold fell from 1 million units to 1 million.

The company did not disclose the exact sales figures for the quarter.

It said the quarterly profit from the sale of OLED screens in China, the largest market for the company, would be adjusted to reflect the impact of the global slowdown in the financial year.

The Korean company sold more than 5 million of its $7,000 OLED TV sets in the last quarter of 2018, the most of any market in the region.