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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.

Related readings:  Taiwan LCD makers seek tie-ups with mainland firms  LG Display expects 50% rise in LCD TVs shipped in China  Mainland, Taiwan firms sign LCD panel deal  LCD firms vie for mainland market

Analysts said that Chinese TV makers had failed to foresee the current booming LCD TV market and didn't order or store enough LCD panels.

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.