Home / Business / Home Appliances Tools: Save | Print | E-mail | Most Read | Comment
LCD TV sales will overtake old models
Adjust font size:

Sales of LCD TVs will surpass that of traditional TVs next year for the first time, fueled by the Beijing Olympic Games in August and cheaper prices, a US-based research firm said in its latest findings.

The price of a 32-inch LCD TV, the mainstream-size model in China, will drop to below 5,000 yuan (US$709) this year, 16 percent lower than a year ago, according to DisplaySearch.

In China, LCD TV sales hit 8.8 million units last year, a growth of 83 percent over the year before. Traditional CRT (cathode ray tube) TV sales were 24 million in 2007 compared with 30 million the previous year, according to DisplaySearch.

Sales of LCD TVs are expected to hit 18 million units this year, while 24 million older TVs are likely to be sold. Next year, sales of LCD TVs are forecast to reach about 20 million, while sales of CRT TVs will decrease, according to Zhang Bing, an analyst at DisplaySearch.

"Through aggressive strategy in China, Samsung and Sony have gained market share. Hisense ranked as top among domestic brands," Zhang said.

The price gap between foreign-brand and domestic LCD models has narrowed to 20 percent from 30 percent, industry insiders said.

LG Display, which launched a LCD TV with a video-recording function and received a warm market response in China, expects its domestic revenue to grow 30 percent in 2008, said Jeffrey Kim, vice general manager and sales director of the company.

LCD TVs give wider screens, more vivid colors and more fashionable designs.

(Shanghai Daily March 25, 2008)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- LCD TV production booms, but cost jump trims earnings
- LCD TV Output Rises in First 10 Months
- Sony Acknowledges LCD TV Software Problem
- Dell Tries China LCD TV Market
Most Viewed >>
- Fleeing investors prompt China to review foreign capital use
- Share of nuke energy increased
- Soybean importers set to suffer
- Declining export growth to slow China's 2008 GDP increase
- COSCO Shipping reports 2007 net profit up 84%

April 11-13 Boao Forum for Asia

May 15-17 Shanghai Women's Forum Asia

Dec. 12-13 Beijing
China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?