17
Nov
2008
Techradar: Barely three months ago, we were talking of booming times for flat-panel TV makers as competition drove sales relentlessly upwards, yet now a consumer-spending slump is combining with legal wrangles to paint a very different picture.
Japan’s Sharp joined several other manufacturers at the weekend in reducing the number of LCD panels it will make in the coming months.
Its production cut of at least 10 per cent puts it in line with Panasonic, Samsung, LG and AU Optronics (AUO), which have already trimmed their projections amid the sudden sales downturn.
To make matters worse, authorities in Japan, the US and EU are also investigating many of the same companies, accusing them of price-fixing in their TV businesses between 2001 and 2006.


