According to reports from Korea, LG Electronics is seeing high demand for its 48-inch 4K CX OLED TVs - likely thanks to a high demand for stay-at-home entertainment during the global COVID-19 pandemic.
LG introduced the 48-inch OLED TV model in Korea towards the end of July, and pre-orders sold out "in one minute". In some countries in Europe, the model has gone out of stock in just one week after the launch. Apparently there's high demand from gamers who are looking for a high-quality mid-size gaming monitors. In the US, the 48-inch OLED CX is priced at $1,500 - and it out of stock at Amazon.com.
Omdia says that LG is expected to ship around 110,000 48-inch OLED TVs in 2020, and this will grow to 229,000 in 2021 and 320,000 in 2024, a CAGR of 26%.