Panasonic to Shutdown OLED Business

Panasonic to Shutdown OLED Business..Panasonic will be closing its OLED business in April 2014, according to

report by Japanese news agency Kyodo News.

Citing a source from Panasonic invested company Idemitsu Kosan, the report noted lower profitability in the

OLED sector was the main reason behind Panasonics withdrawal from the OLED market. OLED related businesses

will be dissolved as of this month. An OLED Info report pointed out Panasonic had not profited due to OLEDs

high R&D costs and low profitability.

With the shutdown of its OLED business, Panasonic will be focused on developing LED products.

The announcement come as a surprise since Panasonic Research Director Takuya Komoda outlined the companys

OLED market strategy and forecasted emerging growth for the sector from 2014-2015 during TILS 2014 last month.