LG Display's latest 55-inch OLED display panel is just 0.97mm thick, significantly thinner than its current flagship TV at 4.3mm. Unveiled as a proof of concept in South Korea, the display — which weighs 1.9 kg (4.1 pounds) — can be mounted on the wall using just magnets, and can be removed by simply peeling it off the wall.
The ultra-thin display's announcement was part of a broader push by LG to showcase the future of its display strategy, which centers around OLED. OLED TVs do not require a backlight to function, allowing the displays to be exceedingly thin. The technology is now being leveraged not just for TVs, but also in wearable devices owing to its flexibility.
While Samsung and Sony have moved away from the technology entirely citing mounting manufacturing costs and low production yields, LG Display's head Yeo Sang-deog revealed that the vendor is increasing production of OLED screens to drive cost down:
We should be able to supply a satisfactory volume to our clients from July or August, which means we're hoping to buckle down production as well as promotion from the third quarter.
Currently, LG's 64-inch 4K OLED TV retails for around $9,000, and while that number is not coming down anytime soon — LG set itself a target of ten years to outpace LCD sales, the South Korean vendor's ongoing efforts in this segment will eventually lead to affordable OLED panels. LG is targeting 600,000 sales of its OLED TVs in 2015 and a sales target of 1.5 million units in 2016, which will be aided by the launch of a 99-inch model launching later this year.