LG Display CEO Kwon Young-soo told Reuters that he believes LCD panel prices have reached a bottom. Prices have rapidly declined due to the deepening global downturn but Kwon predicts prices will recover soon on solid demand for small-sized flat screen TVs.
"The good news is that we've reached a bottom," he told reporters at a news conference late on Friday for release on Sunday.
"TV panel prices will likely stop the downward trend and recover," Kwon said, adding demand is healthy for low-priced, small-size LCD sets that replace cathode ray tube models.
"Consumers are finding a flat-screen TV is worth the money if there were ever to spend on electronics goods, rather than, say, home appliances."
LG also announced it will invest 577 billion won (approx. $427 million) in a new production line for premium LCD screens for mobile devices. These panels will use LTPS (low temperature polysilicon) technology to produce higher-quality pictures.
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Re: LG: LCD prices have hit a bottom by Anonymous on Wednesday, January 21 2009 @ 05:12:39 CET
So bring on the LED backlit screens! When the chips are down innovate. The LED's have gotten cheaper and people want snazzier screens to open those wallets.
Where is displayport and 120hz monitors while we are at it? You have a plethora of things to make those humdrum screens something worth selling and worth buying!
Of course if you'd rather just whine and blame the market, go ahead. Maybe Samsung will have to show you how it's done.