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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

Verizon bullish on continued Fios strength, FWA prospects

Can Hollywood Survive Streaming?

Cincinnati Bell Scales Local Call Center To 300 agents To Address Growing Fioptics Base

Report: Over 12M U.S. homes eliminated their fixed broadband

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