LG slashes 55-inch OLED TV price by 50 percent in just a few months

LG cuts the price of its 55-inch OLED HDTV to better compete with Samsung's competing OLED HDTV.

Published Sun, Feb 9 2014 3:40 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

LG Electronics grabbed headlines when it announced its 55-inch curved OLED HDTV in 2013, which originally sported a $14,999 retail price tag. Early into 2014, LG decided to issue yet another price cut so the TV can be found for $6,999 at major North American electronics e-tailers.

LG slashes 55-inch OLED TV price by 50 percent in just a few months | TweakTown.com

Prior to the 2013 Christmas holiday shopping season, LG cut the TV's retail price from $14,999 down to $8,999 to draw interested buyers with deep pockets. It's no surprise to see the price drop even lower in early 2014, but seeing it slide down to $6,999 in such a short amount of time may be all that is needed to entice some consumers to pull the trigger.

LG's price cut will also make it more competitive with Samsung's rival OLED HDTV that started with a price tag of $8,999.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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