LG Confirms Ultra HDTV Price Cuts

Posted by at 11:13 am on September 2, 2013

18LG65LA9700The Ultra HDTV price slashing continued this week, after LG Electronics revealed has responded to Sony’s and Samsung’s recent price moves by cutting the prices on its recently introduced 55- and 65-inch 4K LCD TV models.

LG has an unilateral pricing policy (UPP) adjustments will take effect today, and will reduce the price tickets of the 55-inch 55LA9700 by $1,000 from $5,999 to $4,999, and the 65-inch 65LA9700 by $1,500 from $7,999 to $6,499.

John Taylor, LG’s corporate communications VP, said the price cuts were made to “keep LG Ultra HDTVs competitive in the marketplace.”

Earlier, Samsung significantly dropped prices on its F9000-series Ultra HDTVs August 25, following price cuts previously announced to retailers by Sony.

Samsung’s UN55F9000 55-inch Ultra HD now sells at a $4,499 unilateral pricing policy (UPP) tag, $1,000 lower than the previously listed price on Amazon. The 65-inch UN65F900 model was reduced to a $5,999 UPP – a more than $1,500 reduction.

Sony started the price moves about two weeks ago by notifying dealers of Ultra HD price cuts set for Aug. 25. Sony reduced the UPP of its 55-inch XBR-65X900A by $1,000 to $3,999 and its 65-inch XBR-65X900A by $1,500 to $5,499.

LG’s Ultra HDTV moves come at the same time that LG executives in Korea told the Wall Street Journal that the price on LG’s new 55-inch Full HD 1080p curved OLED TV has also been hacked nearly 30 percent in the Korean market to 10,900,000 won ($9,788) from 15,000,000 won previously.

Plus, LG will cut the price here on its model 55EA9800 55-inch curved OLED TV to a $9,999 UPP, from the original $14,999 introductory price.

The Wall Street Journal reported that LG’s OLED price cut was made to make the set affordable to a wider pool of consumers.

LG also reduced prices on its 55-inch, flat-screen OLED TVs to 9,900,000 won each starting this week, from 11,000,000 won previously. That set has not been introduced in the United States.

Samsung introduced its KN55S9C 55-inch curved OLED TV at an $8,999 UPP price on Aug. 13th.

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