If you can’t justify spending big on an OLED or QLED TV, the good news is that all major TV brands are still selling plenty of LCD-LED TVs. LCD (liquid crystal display) and LED (light-emitting diode) TVs are often thought of as competing concepts, but they actually refer to identical display technology. In an LCD TV, liquid crystals rotate polarized light, effectively acting as a light valve that illuminates all pixels simultaneously. Instead of the pixel-by-pixel lighting of OLED TVs, in a standard LCD TV all light comes from a big energy-guzzling backlight. The result is a uniform brightness, and relatively low contrast images.
LCD is an outmoded technology, so much so that you can’t easily buy basic LCD TVs of any size anymore, at least not in the original configuration. That's where LED-backlighting comes in – instead of having a one-piece backlight that limits contrast, LED TVs are illuminated by (you guessed it) LEDs. They’re ranged in either clusters behind the panel (so-called full-array local dimming) or on the sides (called ‘edge’ or ‘edge-lit’ LED TVs). The latter is more common, largely because the resulting TV is flatter.
There are a few drawbacks, namely that both techniques still get their light from an external source that increases the components and size of the finished TV. If you watch in a completely black environment, you’ll notice blotches and uneven brightness on the panel too, and a lack of shadow detail in dark areas of the screen. That said, images are usually very bright, and very colorful, and you can buy an LED TV in virtually any size you want. They're great value.
Brands are always trying to shout about new innovations (such as LG’s recent chatter about Nano Cell technology), but they're often just tweaking old technology. LED-backlit LCD TVs provide the current sweet-spot for TV technology, and that's not going to change anytime soon.