LG finally selling first large-screen OLED HDTV — for $10,000

Missing a 2012 delivery date, LG announced on Tuesday that it will release the first 55-Inch OLED HDTVs in Korea in early February 2013, after a year of delays due to reported production problems, at a price of just over $10,000. LG will discuss the TV's U.S. availability and retail price in the next few weeks.

Over 1,400 Korean store fronts will begin taking orders Jan. 3 for February delivery on the 55EM9700. LG said it is going to ramp-up production to take the lead in a big-screen OLED TV market that, according to research firm DisplaySearch, will likely reach 7.2 million units by 2016.

Today's current LCD and LED LCD TVs rely on light bulbs (whether fluorescent or a few dozen white LED lamps) to illuminate the image. The light from these lamps or bulbs must pass through the LCD panel before reaching the surface of the TV, causing most of the light to be beamed toward viewers sitting closest to the center of the screen. As one moves off-center, the LCD image dims, contrast decreases and colors tend to shift and desaturate.

OLEDs emits light directly from the surface, extending the viewing angle to 180 degrees and providing superb, highly saturated colors without the dimming, color shift or loss of contrast seen on LCDs and LED LCDs

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