Price Drops Boost LCD-TV Sales

iSuppli has raised its forecast by 3% to 75.2 million LCD-TVs, which is 42.7% higher than the 52.7 million units sold last year. While the growth is impressive, it marks a slowdown compared to 2006, when shipments soared 95.8 % from 2005. Nevertheless, iSuppli expects shipments of LCD-TVs to exceed 100 million units in 2008, and reach 171.6 million units by 2011 (and account for 65% of all television unit shipments worldwide). Driving the growth this year are declining prices for large-sized LCD panels, iSuppli said. In addition to price drops, consumers may also be motivated by a U.S. mandate to phase out analog televisions in favour of digital technologies by the year 2009.

News source: InformationWeek

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