LG Electronics reported their financial results for Q4 2013 and the Korean company doubled its operating profits compared to last year. LG reports a good quarter in its TV business, but the mobile unit reported a loss (partly blamed on marketing spending) even though they sold 13.2 million phones which is 50% higher than in Q3 2012.

Regarding OLEDs, LG says that they expect the OLED TV market to pick up from 2014, "gradually becoming the main growth driver of the display business and replacing the LED TV market". The company plans to extend the distribution network and to strengthen regionally differentiated marketing activities in order to increase sales of OLED TVs in 2014.