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LG Display's OLED TV (Courtesy of LG Display Newsroom) South Korea’s LG Display Co. regained the top spot in the global display market for TV in the fourth quarter of 2021, according to tech industry research firm Omdia on March 21. The unit of LG Electronics Inc., the world's largest organic light-emitting diode (OLED) TV maker, took a 23.8% market share. China’s BOE Technology Group Co., which topped the market from the first to the third quarter of last year, ranked second with 20.6%.LG Display’s reclaim is based on surged sales of premium TVs and other OLED products. The company sold 2.3 million units of OLED TV panels in the last quarter, hitting the record-high as well as surpassing 200 million units of quarterly sales for the first time. The OLED TV panel sales were $1.45 billion during the fourth quarter, 28% up from the same quarter of 2020. In January, the display maker announced it swung to an operating profit last year after two consecutive years of shortfalls, led by a sharp rebound in LCD panel prices and growing shipments of OLED TV panels. The company's full-year operating profit came in at 2.2 trillion won in 2021 on a consolidated basis, despite a 30% decline on-year in fourth-quarter earnings. The Korean display manufacturer will secure the top spot this year with a 23.9% of market share, selling a total of 10.01 million units of OLED TV this year, Omdia said. The global OLED TV market is rapidly growing. In the market of premium TVs, priced more than $1,500 per unit, OLED TV’s share soared from 26% in 2019 to 41% in the fourth quarter of 2021, Omdia said. The market share will grow up to 42.1%, the research firm added.LG Display plans to expand its presence with the next generation TV panel OLED.EX, which increases the screen brightness by 30% from the existing OLED products. The company will also add the smallest and largest OLED TV panels to the lineup, 42-inch and 97-inch screens, respectively. The display maker operates 8.5th generation OLED panel plants in Guangzhou, China, and Paju, Korea, producing a total of 170,000 units of OLED glass sheets per month.By Sin-Young Parknyusos@hankyung.comJihyun Kim edited this article.
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