The Change Mariner

LCD Television Sales to Boom, Affordable from 2005

Yahoo! News:

Sales of LCD televisions look set to double next year, but the explosive growth expected to propel the industry in the coming decade is still more than a year off, industry executives and analysts said.

The new generation of ultra-slim TVs is one of the brightest spots for electronics companies such as Korea's LG Electronics Ltd, which reported a near doubling in quarterly net profits on Thursday thanks to flat-screen sales.

The industry is expected to boom as liquid crystal display (LCD) TVs, which now cost thousands of dollars each, come down in price with the introduction of major new production capacity, mostly in Korea and Taiwan, in the next two years.

But a price drop to levels affordable to the average consumer is unlikely to occur next year, said Sheaffer Lee, president and chief operating officer of Taiwan's BenQ Corp.