There are reports that LG Electronics plans to launch their 55″ OLED TV in May during the Cannes film festival. The TV will cost 9 million Won – or about $7,900 (this is consistant with DisplaySearch’s estimates ). LGE originally planned to launch it during the London Olympics in July , but the company wants to be the first out with an OLED TV and so accelerated the production schedule. The company will make a decision on further OLED investment in July, after judging the first consumer reactions. LG’s 55″ 55EM9600 is using a WOLED-CF design on an Oxide-TFT backplane. The panel is only 4mm thick, and the whole TV weighs just 7.5Kg. LG Display can currently make around 48,000 monthly 55″ panels in their pilot 8.5-Gen production line. read more

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LG to launch their 55" OLED TV in May for around $7,900