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Samsung and LG with big bets on the future of TV

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Korean consumer electronics companies LG and Samsung will rely on investments in 8K for future growth in the TV segment. 8K TVs have twice as many pixels as 4K TVs, which makes colors and shapes clearer and sharper. Plans are for 8K TVs to be large (more than 65 inches).

The models offered by Samsung offer different modes of screen-lighting: Samsung models use QLED technology, while LG models use OLED technology.

The question for both consumers and investors is whether 8K is significant enough as an upgrade to 4K. For TV producers, however, investing in new technologies is a must. Another problem is price. Because 8K models are expected to be larger than 65 inches, their prices will be high. Sharp's 8K model, for instance, costs $13,000. Lastly, in the first few years the functionality of 8K will be limited because most TV shows and movies are not adapted to 8K technology.

TV makers expect 250,000 8K models to be sold this year, rising to 7 million in 2022.

Source: CNBC

Original post: Tech giants bet the future of TV is over $10,000 massive screens

Image: pixabay.com


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