LG's MicroLED Magnit TV gets smaller, but it's still ridiculously expensive

Mike Wheatley

LG Electronics has introduced a slightly smaller version of its Magnit MicroLED TV, weighing in at “just” 118-inches.


The original LG Magnit was a tad bigger at 136-inches when it launched last year, and like its predecessor it boasts a magical MicroLED display that has often been billed as the future of television. It’s made up of 8 million+ Micro LED pixels, each of which is individually lit and measures about the width of a human hair. It is capable of delivering pure blacks and very high contrast, with support for high dynamic range meaning greater shadow detail than conventional display. It’s powered by the LG Alpha 9 processor, with artificial intelligence helping to reduce image noise and optimize colour saturation for more realistic images, taking into account the lighting conditions of the room.

The 118-inch LG Magnit features a 120Hz refresh rate, with 250 nits brightness ensuring quality pictures in the brightest of rooms. In addition, the TV comes with a pair of integrated 50-watt speakers made by Bang & Olufsen, and a stand or wall mount for expanded installation options.

MicroLED has for some years been positioned as a potential successor to OLED technology, thanks to its ability to match the contrast of the very best OLED displays while delivering higher brightness and no risk of burn-in.

However, MicroLED remains a prohibitively expensive technology. Compared to OLED displays, which have become much cheaper, it’s still unaffordable for many consumers.

Announced at the 2023 CEDIA Expo this week, LG quoted a price tag of $237,000 – so far out of reach for normal consumers that it simply cannot yet be considered a true competitor to OLED, despite its undoubted, incredible picture quality.

The research firm Omdia said back in 2019 that it does not expect MicroLED to reach mass market before 2026 – with that date now being just three years away, it’s sounding like an incredibly optimistic statement, with the reality being that most of us are not even close to being able to own a MicroLED TV anytime in the next decade.