LG Electronics Introduces posh 71 inch Plasma Display Panel TV

LG Electronics Korea introduced the world’s largest 71-inch Plasma Display Panel (PDP) television to the consumer electronics market.

The retail price for the product is a whopping W80 million or $75,000 . It comes fully equipped with a set-top box, or integrated receiver decoder (IRD), and a home theater that enables users to watch wide-screen movies at home. This is the highest-priced model yet to hit the market. in fact, I'm told it is adorned by a 24k gold stripping around.

Prior to the launch of this screen, Samsung Electronics’ 63-inch PDP TV and LG Electronics 55-inch Liquid Crystal Display (LCD) TV dominated the top-end of the market, costing around $18, 700 each.

More important, the electronics giant also announced its goal to step up as the largest PDP TV supplier in the world by 2006, seeking to control 20 percent of the world market share.

LG Electronics is estimated to have a 12 percent share in the 3.4-million-unit global PDP TV market this year, the third largest after Matsushita and Sony.

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