Sales of LG Electronics TVs with OLED screens exceeded 2 million units last year. This mark was taken for the first time and became a new milestone for such TVs.
According to the manufacturer’s own estimates, 2.04 million devices were sold in 12 months. This is 23.8% more than in 2019.
The rise in sales of OLED TVs is important for LG as the electronics maker shifts its focus to more expensive OLED models from its mid-range LCD models.
The median selling price of an OLED TV made by LG in 2020 was roughly $ 1,972, more than four times the $ 428 LCD TVs.
Xiaomi and Vizio presented the first OLED TVs last year. With this in mind, the number of OLED TV manufacturers worldwide has increased to 19. At the same time, LG is the world’s largest manufacturer of OLED TVs. The company owns 56% of the market.
If we look at the TV market as a whole, Samsung Electronics is in the lead with a 31.9% share. Samsung is followed by LG Electronics with a 16.5% share.
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