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LG makes large investment in OLED TVs

LG Display has announced a large investment in the future of OLED.

The company, which released their first large-screen OLED TV in 2012, will invest 706 billion won ($654.8 million) in manufacturing the next-gen displays.



Mass production for the new OLED line will begin in the Q1 2014, says the company.

The company recently announced that its $10,000 55-inch OLED had reached 110 pre-orders, hardly a huge number but still somewhat impressive given the price tag.

Written by: Andre Yoskowitz @ 18 Feb 2013 21:51

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• 2 comments

• PraisesToAllah

  They are shooting themselves in the foot.
  
  LG is an average consumer's electronic company. If they invest something beyond the average consumer's budget, this will be a disaster for them.
  
  110 pre-orders from the whole world is impressive? I bet its those millionaires and billionaires and CEOs or the superior managers of LG. Who knows. I'll eat my hat if the 110 consumers are only average consumers.

  18.2.2013 23:28 #1

• DVDBack23

  Originally posted by PraisesToAllah: They are shooting themselves in the foot.
  
  LG is an average consumer's electronic company. If they invest something beyond the average consumer's budget, this will be a disaster for them.
  
  110 pre-orders from the whole world is impressive? I bet its those millionaires and billionaires and CEOs or the superior managers of LG. Who knows. I'll eat my hat if the 110 consumers are only average consumers. By the time these 2014 OLEDs come around the price will be half of $10k, if not less.
  

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  18.2.2013 23:49 #2