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Samsung expects earnings improvement from TV sales

All Headlines 13:33 October 22, 2017

SEOUL, Oct. 22 (Yonhap) -- Samsung Electronics Co. expects an earnings improvement from TV set sales as demand for its high-priced products remains firm, industry sources said Sunday.

Sales of Samsung's QLED TVs are estimated to account for some 10 percent of its overall TVs shipments, raising hopes that its earnings from its TV business will improve down the road, according to the sources.

The QLED TVs make use of so-called quantum-dot technology, which are semiconductor nanocrystals that Samsung claims improve display brightness, contrast and power efficiency. The feature compares favorably to the OLED TVs promoted by local rival LG Electronics Inc., advocates of quantum-dot technology claimed.

The QLED TVs were first showcased early this year and hit shelves in April.

The sources said over half of QLED TV sales were large-sized ones with a screen size of 65 inches or more.

According to industry tracker Gfk, some 37 percent of Samsung TVs sold in the first eight months of the year were priced at US$2,500 or higher.

Samsung Electronics posted an operating profit of 700 billion won (US$620 million) in the consumer electronics division, including the TV business, for the January-June period. During the same period, LG Electronics reported an operating profit of 720 billion won in its TV business alone.

Samsung expects earnings improvement from TV sales - 1

sam@yna.co.kr
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