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LGE Delays 42” OLED TV Until 2022
LGE plans to launch a 42-inch OLED) TV early next year, including the model in its new 2022 TV lineup. According to industry sources they will likely showcase the 42-inch model suitable for gaming at Consumer Electronics Show 2022.In early May, industry sources said LG Electronics plans to launch a 42-inch OLED TV in the second half of this year, when its display affiliate LG Display Co. is slated to mass produce 42-inch panels. LG’s smallest OLED TV measures 48 inches, but the company has said it will unveil a smaller 42-inch model to better appeal to gamers, emerging as key customers in the OLED TV segment that offers stunning picture quality. LGE said in late June its OLED TVs support advanced video processing technology for gamers at 4K resolution with 120 Hz refresh rate. The 2021 OLED TV models, including the G1 and C1 series, are compatible with Dolby Vision Gaming at 4K, 120 Hz, becoming the industry's first TV products to support the solution in such picture settings. Industry officials said LG’s 42-inch OLED TV will be optimized for game consoles such as PlayStation 5 (PS5) and Xbox Series X. According to the Games Marketing Insight for 2021 announced by Facebook Inc., the US had seen 28 million new gamers in a year since March 2020, signifying their growing influence in the gaming TV market. South Korea had 9.4 million new gamers in the same period. Omdia forecasts shipments of TV panels with a 120Hz refresh rate will increase 7% this year from 2020 while total TV panel shipments are expected to decline 1% in the same period.
LGE plans to launch a 42-inch OLED) TV early next year, including the model in its new 2022 TV lineup. According to industry sources they will likely showcase the 42-inch model suitable for gaming at Consumer Electronics Show 2022.In early May, industry sources said LG Electronics plans to launch a 42-inch OLED TV in the second half of this year, when its display affiliate LG Display Co. is slated to mass produce 42-inch panels. LG’s smallest OLED TV measures 48 inches, but the company has said it will unveil a smaller 42-inch model to better appeal to gamers, emerging as key customers in the OLED TV segment that offers stunning picture quality. LGE said in late June its OLED TVs support advanced video processing technology for gamers at 4K resolution with 120 Hz refresh rate. The 2021 OLED TV models, including the G1 and C1 series, are compatible with Dolby Vision Gaming at 4K, 120 Hz, becoming the industry's first TV products to support the solution in such picture settings. Industry officials said LG’s 42-inch OLED TV will be optimized for game consoles such as PlayStation 5 (PS5) and Xbox Series X. According to the Games Marketing Insight for 2021 announced by Facebook Inc., the US had seen 28 million new gamers in a year since March 2020, signifying their growing influence in the gaming TV market. South Korea had 9.4 million new gamers in the same period. Omdia forecasts shipments of TV panels with a 120Hz refresh rate will increase 7% this year from 2020 while total TV panel shipments are expected to decline 1% in the same period.
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