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LG's $8,500 fridge: Why appliance makers are moving upscale

October 10, 2016

OLED TVs, which start at about $2,300, have helped LG increase its market share in the $1,000-up range to 15 per cent in a mature TV market, Gagnon said. Samsung has 51 per cent of that high-end TV market, while Sony has 21 per cent.

Samsung, for instance, has an 80-inch curved 4K SUHD TV, also priced at about $20,000.

"Because TV prices overall are falling, TV makers are seeing lower profit margins on all TV sales," said Parks Associates.

"The highest-end premium market is the one place where the margins are still high."

From the article "LG's $8,500 fridge: Why appliance makers are moving upscale" by Mike Snider.

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About Parks Associates

LG's $8,500 fridge: Why appliance makers are moving upscale

Previously In The News

Nearly 50 Percent Of U.S. Broadband Households Used A Voice-Activated Digital Assistant in 2017

Is The Increasingly Crowded Streaming Marketplace Going to Turn Consumers Back to Piracy?

AmberSemi Develops AC Direct Lighting Control Engine Silicon Chip

Samsung’s Peacock Standoff with NBCUniversal Shows Power of TV Makers

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