The new Philips OLED705 TV starts at just £979 for a 55-inch model

The new Philips OLED705 is a budget OLED TV from £979
(Image credit: Philips)

Philips has announced a brand new Ambilight-capable OLED TV that costs under £1000. The OLED705, which also boasts support for all major HDR formats, will set you back just £979 for a 55-inch model and £1499 for a 65 incher.

Judging by the spec sheet, the OLED705 belies its budget roots with HDR support for Dolby Vision, HDR10+, HDR10 and HLG, as well as Dolby Atmos audio. It also gets DTS Play-Fi multi-room audio support.

The 'near-frameless' design seems to hide the very same 50W 2.1 sound system you'd find in last year's Award-winning OLED805, and it also boasts three-sided Ambilight, which we've always found to be both spectacular and beneficial in terms of increasing perceived contrast and making the screen seem bigger than it really is.

If you're a gamer, this TV could turn out to be something of a mixed bag. On the upside, you get a basic Game Mode and support for 4K@120Hz. On the downside, none of this model's four HDMI sockets support eARC

Still, the option to buy a 55-inch OLED TV from a big-name brand for less than £1000 is certainly welcome. Both sizes are on sale at Amazon and Currys now. Better still, Amazon has already discounted the 65-inch from £1499 to £1439 – that's a saving of £60 right off the bat!  

Not keen on compromise? Philips tells us that it plans to launch a higher-spec (and more expensive) OLED706 TV "later in the summer".

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