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More than 100 people have preordered LG’s $10,000 OLED TV so far

LG OLED TV Preorders

LG (066570) on Thursday revealed that more than 100 people have preordered its new 55-inch OLED HDTV in the past six weeks, Reuters reported. Organic light-emitting diode (OLED) technology is seen as the future of high-definition displays and is expected to replace traditional liquid-crystal display (LCD) TVs in the coming years, however LG’s OLED models costs up to five times more than comparable LCD flat-screens. LG is looking to turn its TV business around in 2013 and is aiming to increase flat-panel TV shipments by 15%. The company’s next-generation 55-inch OLED HDTV will be available starting Monday for $10,000.

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