Samsung and LG Raise TV Stakes on Apple Inc NASDAQ:AAPL
The year we expect to see Apple Inc NASDAQ:AAPL release Apple HDTV, but Samsung and LG have raised the bar today releasing the first curved OLED TV.
The unveiling of the new OLED TV models for both Korean tech giants takes place a year after the two companies showcased the 55-inch OLED TV for the first time at the same electronics trade show.
Since then, many of its followers, especially Japanese TV makers like Sony and Panasonic, quickly caught up and presented to the crowd at CES 2013 what they call the 56-inch 4K OLED TV that supposedly integrates the functions of two different display technologies ― Ultra High Definition and OLED.
Both models by the Japanese companies were prototypes, which means they still need more time until mass production, but they wowed the audience by displaying what had been unheard of until the show.
Kazuhiro Tsuga, president of Panasonics, made a surprise announcement during his keynote session at the event, whereas Sony’s chief executive Kazuo Hirai attempted to do the same at the firm’s press conference on the previous day.
On the same topic, Samsung and LG both indicated that they are also currently in the process of looking into 4K OLED technology.
“There’s nothing especially new about this,” said Samsung’s Kim. “Most companies that are manufacturing related items are most likely preparing for similar products.”
Apple Inc NASDAQ:AAPL may need to go back to the drawing board to make sure Apple HDTV is a big winner.
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Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
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