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New LG 88-inch TV Is The World’s First 8K OLED TV Set, And Will Launch During The IFA 2018 in Berlin

While the majority of the people are still moving from older TV sets to the newer ones which boast 4K resolutions and LED technology, LG presented its new 88-inch OLED TV set with an 8K resolution, which is the world’s first 8K OLED TV. The South Korean company made its presentation right before the start of the IFA 2018 which will be held in Berlin, Germany, between August 31st and September 5th.

LG to launch the world’s first 8K OLED TV during the IFA 2018

Many consider the LG displays to be the best in the world, especially when it comes to TVs. However, this new 88-inch OLED screen boasting an 8K LG has just presented is designed to set the future standards in terms of TV technology. Also, LG has made a clear demonstration of its power in the television set sector of the industry.

The new LG television features 33 million self-illuminating pixels that achieve the recognized “pure black” status of OLED panels. The company expects to increase its sales in 2018 and sell more than 9 million OLED TVs with an 8K resolutions by 2022.

With the new 88-inch OLED TV set with an 8K resolution, the giant South Korean manufacturer, LG, reaches a new level in the Ultra-Premium TV sets field and means to take the lead of the future markets.

LG IA ThinQ will get Google Assistant by the end of 2018

After the launch of this world’s first 8K OLED TV during the IFA 2018 which would start on August 31st, LG plans to show that it deserves to take the lead of the market for OLED TVs, by launching its new first 88-inch TV.

On the other hand, the second flagship LG plans on launching is the new LG IA ThinQ TV 2018. So, as if the LG 88-inch OLED TV set with an 8K resolution was not enough for the South Korean company, LG announced another big surprise. Namely, by the end of 2018, the LG IA ThinQ TV sets would receive an update and will add Google Assistant.

Anna Galvez

LG Becomes OLED Display Supplier for Apple

When it comes to OLED panels, Samsung was the only supplier for Apple. Nonetheless, it appears that this is about to change, as LG Display might soon become the second supplier. Organic light-emitting diode panels are essential for iPhones. With a new alternative supplier, Apple will be able to reduce the costs and receive OLED panels faster.

Samsung was able to charge higher prices for the panels as it was the only supplier. This was not a good move for Apple as Samsung is also the main rival for the company.

The LG deal

“Initially, Apple will get between 3 million and 5 million OLED displays from LG Display. LG plans to increase its production capacity. Apple is attempting to release new iPhones with enhanced features next year and it is eyeing developing foldable iPhones, which will come several years later,” revealed an insider.

This deal is an important one, as it is worth millions of dollars. “Apple wants to expand the partnership with LG into OLEDs from LCDs. However, the key concern is LG has smaller production capacity for OLEDs used in portable gadgets compared to Samsung Display. The quality of the V30 display isn’t as good as Samsung’s OLED display in its Galaxy lineup,” revealed an executive.

Meanwhile, Samsung had a deal to produce 110 million OLED displays for the iPhone X. Getting a second supplier for the screens is very important for Apple as it will allow it to “reduce its reliance on Samsung”. At the moment LG is trying its best to keep up with Apple’s demands. “LG wants a bigger cut than what the company has at present as LG aims to spend more to boost its OLED production capacity with continued financial assistance from Apple,” a fund manager explained.

Henry R. Lares

Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post. In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.