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

Previously In The News

Can Traditional TV Keep Up In A Digital-First World?

Consumers’ Adoption Of Voice Assistants Doubled In Q1 – Here’s Why

Study: OTT Streaming Hours Grew by Over 100% Last Year

The Sound Of The Internet Of Things (And Why It Matters For Brands)

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