Samsung literally struck gold with the Galaxy Note 2 and the company plans to do it again with a sequel that will be even larger than the present model. According to the Korea Times, Samsung is planning to reduce its investment in liquid crystal displays (LCD) and instead, focus more to organic light-emitting diode (OLED) displays as well as plastic-based flexible displays.
The Korea Times is also reporting that the South-Korean consumer electronics giant is already working on the Galaxy S4, which will be ready for announcement at the Mobile World Congress in February next year. The new Galaxy Note 3 that the company is currently working on will feature a 6.3-inch screen and an OLED display.
“The global LCD industry is seeing signs of a major shift as Samsung is spending less on conventional LCDs. With money saved from LCD restructuring, the firm plans to spend more on OLED and flexible displays. Profitability is the top priority for Samsung’s display-making business next year,” an executive from one of Samsung’s key local parts supplier said on Monday.