LG Launches 55-Inch OLED TV In South Korea For $10,300

By Khurram Aziz email: k.aziz@mobilenapps.com | Jan 05, 2013 11:29 AM EST

Share This Story

  • Print
  • Email

LG has launched its first OLED TVs in South Korea after taking orders for the 55-inch sets at 11 million won, or $10,300.

The TV, which features the new display technology based on organic light-emitting diodes, is reportedly thinner than Apple's iPad and consumes less power than current liquid-crystal displays. LG is hoping that its OLED TVs will revive the fortunes of a flagging TV market, where consumers are switching to mobile devices to watch video.

Follow us

LG, the world's No.2 TV manufacturer, promises delivery of the new TVs from early February, with plans to display them at 1,400 retail outlets in South Korea. The sets will arrive in the United States, Europe and other Asian markets during the first quarter of 2013.

Sony was the first company to showcase OLED TVs with its 11-inch offering in 2007, but the Japanese company failed to follow up with a bigger display.

LG's main rival, Samsung, is also planning a 55-inch OLED TV set for 2013. Both companies showcased their new screens at CES last year and were expected to launch them in August. However, mass production challenges and anticipated high retail prices caused delays.

The Web site My Broadband, citing a report from DisplaySearch, says global OLED TV sales are forecast to explode from 50,000 units this year to 1.7 million units in 2014.

"That is still only a fraction of the roughly 250 million TVs of all kinds expected to be sold worldwide in 2013," said the Web site.

Sophia Kim, an analyst at Woori Investment & Securities, told My Broadband that the launch of LG's OLED TV has more of a symbolic meaning for the company, proving that it is ahead of its rivals.

"It will take another two to three years for OLED sets to become more affordable and thus commercially successful, because consumers will start buying them when prices halve to around 5 million won."

Last year, Sony and Panasonic announced a partnership to jointly produce large OLED display panels, but neither company has made any further announcements.

Get the Most Popular Mobile&Apps Stories in a Weekly Newsletter

Join Our Conversation

The HTC logo is seen with different devices from the brand HTC M10 Perfume Launching A Month Later After MWC 2016
Lava Unleashes New P7 Device Into The Indian Market
New Disney Phone Coming To Japan
Xiaomi Locks Redmi Note 3, Mi 4c And Mi Note Pro; Others To Follow Suit?
Tablet / Laptop / PC
Dell Venue 7 and Venue 8 Dell unveils Venue 7 and Venue 8 Android 4.3 Jelly Bean tablets
Retina iPad Mini facing delays, may not launch until early next year
Refurbished 128GB iPad with Retina Display now available on the Apple Online Store
Samsung Galaxy Note 10.1 – 2014 Edition: Pricing and availability now official
Amazon Logo Amazon reportedly to launch ‘Firetube’ set-top box before 2013 holidays
Samsung Galaxy Note 3 and Galaxy Gear India launch: Pricing and availability
Samsung Galaxy Gear Android smartwatch now up for pre-order in Canada
Samsung Galaxy Gear 2 reportedly in the works already, may debut at CES or MWC 2014
OS / Software
HTC Logo HTC reportedly considering Android/Windows Phone dual-booting smartphone as Microsoft pushes for deeper Windows mobile integration
iOS 7 Chrome Incognito mode leaks private searches due to bug
Sprint HTC One Android 4.3 Jelly Bean already rolling out, AT&T, T-Mobile & Verizon to follow
Microsoft Windows 8.1 now available for pre-order
Internet / Social Media
Google Downtime Google blacks out for two minutes, causes 40 percent drop in world’s Internet traffic
Xbox Music web player is live and ready for Xbox Music Pass subscribers
Facebook Android app collected phone numbers even if users never logged in
Firefox 22 brings support for web video calls, 3D gaming, and Unreal Engine 3
What's App
ZTE's new lease program ZTE’s new Lease-to-own Program for Mobile Devices
LG’s G Pay to Take on Google, Samsung and Apple
Facebook: Taxes in the UK and a new Shopping tab
Samsung’s VR Headset to be Released at $99, Hulu Jumps Onboard with Apps Ready

Most Popular

© 2016 IBT Media Inc. All Rights Reserved.mobilenapps