Sony Pumps Out The Dough

Sony splurges the cash – $203.5 million to be exact, when it comes to developing technology vital to constructing medium to large OLED panels that ought to see action in TVs and monitors sometime down the road. At this point in time, OLED TVs are super expensive, with Sony’s 11″ OLED TV retailing for a whopping $2,500. Guess this announcement shows that Sony will be making a shift from its line of LCD TVs to newer and superior OLED displays that hold advantages such as a slimmer profile, higher color accuracy and less power consumption. That’s great – hopefully money received from sales of its Blu-ray players and media will be able to finance OLED technology development.