CES 2019: Price Tag of World's First Rollable OLED TV Could Impact Early Sales, Says LG
LG has been shifting its focus from LCD to OLED to target the growing premium TV market.
Las Vegas, Jan 9: The sizable price tag could pose challenges for the early sales of the world's first rollable television, which dazzled onlookers at the Consumer Electronics Show (CES) 2019, the President of LG Electronics Inc. has said. The South Korean home appliance maker unveiled its 65 inch-rollable OLED TV, which can appear and disappear from a base unit with a click of a remote control, at the CES. LG Unveils World's First Rollable OLED TV at CES 2019.
"A rollable TV is basically an OLED TV and it doesn't add material costs, but changing the operating mechanism could add to the costs," LG Electronics President Kwon Bong-seok said at a press conference.
"We will set prices based on how much consumers are willing to pay for the rollable TV, rather than seeking profits," he added.
Kwon said the rollable TV exhibited at the CES is just a sample of how it can be used in real life, suggesting a broad range of applications. CES 2019: Google Announces E Ink Screen, New Assistance Features, Interpreter Mode at Trade Show.
"Should the TV only stand on the ground? It could be on the ceiling. We can use technology in many ways," he said. "It is meaningful that we showed how far displays have evolved."
The company will explore ways to develop various models by making smaller rollable panels.
"We are looking at ways to make panels smaller than 65 inches to see whether they can be used for small gadgets, such as tablets," Kwon said. CES 2019: Intel Officially Unveils 10nm Ice Lake SoC For 5G Wireless Access & Edge Computing.
To foster new growth drivers, Kwon said LG has been shifting its focus from LCD to OLED to target the growing premium TV market.
"Despite the stagnant TV market, the OLED TV market is expected to expand to 20 million units over the next three years," he said. "We will expand the sales ratio of large OLED TVs."
(The above story first appeared on LatestLY on Jan 09, 2019 01:02 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).