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Generally I expect that a monitor, irrespective of manufacturer, will last longer than 60 days. Turns out in this case, 1 out of 2 has chosen to fail on the 41st day of its lifespan.
Failed 27B1H will be returned to AOC at my cost. Which is a shame because the shipping is $60 to Sydney. For that price, I could almost throw out this one and buy another, given they're $240 each, at time of purchase. I will contact the dealer on Amazon and attempt to get them to start a replacement request but ultimately it shouldnt be me that's paying for a warranty return and such a short lifespan is unacceptable.
On a better note, the 2nd monitor is humming along nicely. It presents a great picture for basic web design work and at such a low cost, its hard not to recommend it. Unfortunately, this experience has soured my opinions of such cheap monitors at this price point and I'd be more inclined to recommend the HP Elite 273E for an extra $60 as the replacement warranty is on the spot, in your own home.
I was looking for a 27" monitor that was under $250 AUD which both looked good and performed well. This monitor did that job pretty well.
I'm currently using this as a second monitor and I don't have any major complaints after 1-2 weeks of use. I mainly just use it for youtube videos and I am perfectly happy with the image quality.
The only problem with this monitor is that the stand is not very stable. It's never been noticeable when I have just been using my computer, but when I go to touch it or move it, the monitor will wobble quite a bit. It hasn't annoyed me at all because it will only do it when you touch it.
TL;DR solid monitor for the price, looks good, works great. Only trade-off is the stand is poor quality and will wobble when you just touch the monitor. I would recommend this.