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LG Says Price Could Be a Hurdle for Its Rollable TV

LG Says Price Could Be a Hurdle for Its Rollable TV 1g4va

By Indo-Asian News Service | Updated: 9 January 2019 18:24 IST

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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. 4k5rv

The South Korean home appliance maker CES.

LG said it will release the TV in the Korean market in the second half of 2019 and target other markets later, without elaborating on the details of the price and timing, Yonhap news agency reported.

"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.

"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 s.

"We are looking at ways to make s smaller than 65 inches to see whether they can be used for small gadgets, such as tablets," Kwon said.

To foster new growth drivers, Kwon said LG has been shifting its focus from LCD to OLED to target the growing 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."

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