While many markets have stagnated into an edging competition as two who can offer slightly better specs like in the computer components market, very rarely do markets have sudden shifts in their product lines as to introduce products completely outclassing its competitors. Such is the case for LG with its exorbitantly large 84-inch HDTV. With fourfold the pixels of standard HDTVs on the market, this behemoth delivers eight million pixels in a single frame.

As there are few other competitors in the short run, among them Sony and Samsung, this TV is wisely priced at US$22,000, targeting an entirely different market as it is an inelastic good. Though in the long run many other manufacturers will join the fray and the price will eventually drop to an affordable level as technology ceaselessly progresses, LG has achieved a technological breakthrough and as a result, is capitalizing on the market.

http://www.canadianbusiness.com/article/100046–unwrapped-lg-electronics-84-inch-3-d-ultra-hdtv