The two companies, which have been scaling back their TV operations after chalking up heavy losses in recent years, will instead focus their efforts on conventional liquid crystal display screens for so-called 4K ultra high-definition televisions which have shown greater promise, company spokesmen said.
OLED panels, while used in smartphones and tablets by
They have not delivered the growth originally envisioned by the Japanese companies and are unlikely to be commercially viable in the near future, the spokesmen said.
Both companies displayed 56-inch OLED televisions at this year's CES electronics show in January. The spokesmen said they would continue independent efforts to develop OLED technology.
• Sony Xperia Z launches in
• Panasonic to exit plasma TV display business
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