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BIZCHINA> Top Biz News
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TV makers suffer from soaring LCD panel prices
(Xinhua)
Updated: 2009-08-17 15:43 Chinese domestic TV makers were suffering losses because of soaring LCD panel prices. The price of 32-inch LCD panels rose from $120 in January to about $200 in July -- an increase of about 70 percent. Huang Xiangping, an executive with the consumer electronics department of Tsinghua Tongfang, said domestic TV makers are selling LCD TVs of certain sizes with no profits at all.
Liu Tangzhi, a marketing manager of Chinese color TV maker Skyworth Group Co Ltd, predicted LCD TV sales would reach 30 million in China this year, more than doubling the figure of 14 million last year. Analysts said supply shortage of LCD panels might continue until October. (For more biz stories, please visit Industries)
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