More than 100 people have preordered LG’s $10,000 OLED TV so far

Dan Graziano
February 15, 2013

LG OLED TV Preorders
LG OLED TV Preorders

LG (066570) on Thursday revealed that more than 100 people have preordered its new 55-inch OLED HDTV in the past six weeks, Reuters reported. Organic light-emitting diode (OLED) technology is seen as the future of high-definition displays and is expected to replace traditional liquid-crystal display (LCD) TVs in the coming years, however LG’s OLED models costs up to five times more than comparable LCD flat-screens. LG is looking to turn its TV business around in 2013 and is aiming to increase flat-panel TV shipments by 15%. The company’s next-generation 55-inch OLED HDTV will be available starting Monday for $10,000.

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This article was originally published on BGR.com