Report: LG to launch 55-inch OLED TV in time for Olympics

Posted by Shane McGlaun

Back in 2007, Sony launched the world's first OLED TV, which was rather costly and ultimately pulled from the market due to poor sales.

Fast forward to 2012, when companies like LG are prepping a new generation of OLED sets for an already saturated television market. Although it remains unclear when LG will launch its next-gen OLED TV, rumors indicate the 55-inch set could debut in time for the the Summer Olympics in London.

Report: LG to launch 55-inch OLED TV in time for Olympics

Other rumors point to a May roll-out at the Cannes Film Festival in France.

The price being kicked around?

Well, it won't be cheap, because a new OLED set will likely set you back a cool $8,000.

With the global economy still very sluggish in most areas, I have a really difficult time picturing an $8,000 TV selling even reasonably well.

Yes, it is true that uber-thin OLED TVs boast sharper colors and images, but still. Of course, a new lineup of OLED televisions is good news for the rest of us, as the technology will help push prices of traditional LCD sets down.

In any case, if $8,000 is too much for you now, well don't worry, because the price of OLED panels should come down over the next couple of years, as manufacturers begin to move away from traditional LCD sets.