LG beats rivals in race to sell new OLED TVs

UPDATED 7:57 AM EST, January 2, 2013

SEOUL, South Korea (AP) — LG Electronics Inc. started taking pre-orders on Wednesday for the world's first big TVs that use an advanced display technology promising startlingly clear images on wafer-thin screens.

The South Korean company said the 55-inch TVs, which use a technology called "OLED" and have a price tag of 11 million won ($10,335), will be delivered to buyers in its home market next month. The new TVs will be available in North America, Europe and the rest of Asia before the end of March, LG said in a statement.

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