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LG beats rivals in race to sell new OLED TVs
(Associated Press Via Acquire Media NewsEdge) SEOUL, South Korea -- LG Electronics says customers are pre-ordering big-screen TVs that offer sharper and clear images using advanced technology.
The South Korean company said Wednesday it will begin delivering the 55-inch OLED TVs next month for $10,335 in its home market.
TVs using OLEDs, short for organic light-emitting diodes, feature images with enhanced clarity and a sharper color contrast than liquid crystal display TVs. LG's OLED TVs are wafer-thin at 4 millimeters.
LG and rival Samsung Electronics touted OLEDs as the future display for next-generation TVs. But both have failed to deliver them to the market in the fourth quarter of 2012 as promised due to manufacturing challenges.
Sony and Panasonic announced a partnership last year to catch up with Korean rivals and jointly produce OLED panels for large televisions.
(c) 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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