Samsung says that worldwide annual sales of Blu-ray players will hit 51 million by the year 2012.
Samsung, which produced both
Blu-ray and HD DVD/Blu-ray combo players, says that Blu-ray sales will now soar following Toshiba's decision to exit the
HD DVD business.
Chief of Samsung's digital audio-video business, said in a press release that he believes the worldwide market will grow at least 80 percent over the next five years.
"Our own
Blu-ray product sales should increase to ($402 million) this year and surpass ($1 billion) by 2010".
Samsung last week unveiled its fourth-generation Blu-ray player, which is expected to be available for sale this summer.