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ITExaminer.com: LG Display has issued a relatively optimistic forecast for the LCD industry. “Prices of TV panels won’t fall further and may actually increase,” CEO Kwon Young-soo told Bloomberg. “TV demand will continue to rise, especially after China expanded its subsidy programme.”

The company, which posted its first loss in seven quarters, had previously warned of a possible, limited price decline due to production cuts by Sharp and AU Optronics.

Sharp CEO Katsuhiko Machida expressed similiar sentiments, explaining that the LCD market was likely to stabilise in March as manufacturers halted spending to deplete surplus inventory. Machida also predicted that LCD television demand would remain constant, as evidenced by a 20 per cent increase in sales.

LCD TV industry LG Display sharp

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