If you are in the market for an OLED TV then Amazon and BestBuy have got a deal for you. The 55-inch LG, which initially cost $14,999 is now going for $4,999.�
From TV Predictions
LG, which last September debuted its 55-inch, curved-display OLED TV for $14,999, is now making it available at Amazon.com and BestBuy.com for $4,999, a roughly 67 percent drop from its original price.
This is the latest in a series of price cuts for the set over the last eight months. LG last November cut the price on the highly-coveted 55-inch TV to $8,999 as part of a holiday promotion. That price made it more competitive with the�Samsung 55-inch, curved-screen OLED set, which was $8,999 then and remains so today (assuming you can find one.)
But since then, LG has reduced the price three more times: to $6,999 in February, $5,999 in March, and now $4,999.
See Amazon page for the LG set here.
Both LG and Samsung were expected to sell the curved-screen,�55-inch OLED TV�for $14,999 in 2013, but Samsung surprised the industry in mid-August by announcing that it would charge just $8,999 for the TV.
This put LG in a tough position, trying to sell what is perceived as the same TV as Samsung's set for $6,000 more. So LG quickly slashed the price to $9,999 and now has cut it three more times to woo interested buyers.
The OLED display works without a backlight which enables an OLED TV's panel to be ultra-thin. In fact, this early OLED TV from LG is just 0.17 inches thick.�
The OLED TV also combines some of the best features of Plasma and LCD sets, displaying deep blacks and high contrast levels. The result is that the OLED TV's eye-popping picture and sleek style is a real dazzler.�
However, largely because of the set's thin panel, TV makers have struggled to mass produce the set. Samsung, in fact, said�earlier this year�that it doesn't expect OLED TVs to be affordable for 3-5 years because of the production issues.�Sony�and Panasonic have also ditched plans to produce OLED sets.
However, LG disagrees and has publicly held firm that OLED will be the next big thing in televisions.