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Last updated: May 14th, 2020 at 16:30 UTC+02:00
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According to The Elec citing market research firm Omdia, Samsung Display is going to achieve a higher LCD monitor panel output by reducing LCD TV panel production this year. Analyst data indicates that Samsung could manage to increase its LCD monitor panel shipments from 16.5 million units last year to 22.9 million by the end of 2020.
In the meantime, the global TV market segment saw a decline in demand in the wake of COVID-19, as many sports events – including the Tokyo 2020 Olympics – have been postponed. Samsung Display's LCD TV panel shipments should top 13.3 million units according to the research firm, down from 32.3 million in 2019. Either way, the company intends to stop all LCD panel production before the end of the year, even though its LCD facility in the Jiangsu Province, China, could remain operational throughout Q1 2021 due to terms of contracts with the local government.
Mihai is a blogger and column writer at SamMobile. His first Samsung phone was an A800 which took a lot of beating, and a part of him still misses the novelty of the clamshell design. In his free time, he enjoys watching shows, documentaries, and stand-up comedy; listening to music, taking walks, and occasionally playing old(er) video games.
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