CORRECTED-LG targets March U.S. launch for next-generation TVs

Tue Jan 8, 2013 4:40pm EST

(Corrects last paragraph to say that 55-inch (not 84-inch) versions would cost $12,000)

LAS VEGAS Jan 7 (Reuters) - LG Electronics will begin selling televisions based on "OLED" technology, which allows for thinner displays that consume less power, in the United States in March.

TV makers like Samsung and LG are banking on the next-generation, "organic light-emitting diode" screens to prop up flagging sales of televisions.

"You have been waiting patiently for the launch (of OLED). Well, the wait is over," LG's chief technology officer, Skott Ahn, told reporters at the Consumer Electronics Show in Las Vegas.

James Fisher, LG's head of marketing, said the South Korean electronics maker will begin selling 55-inch and 65-inch versions of the TVs, with th e 55-i nch screen costing $12,000. (Reporting By Tim Kelly; editing by John Wallace)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article