LG Philips said it expects area shipments to increase by a percentage in the mid-teens quarter-on-quarter, down from the previous expectation of a percentage increase in the mid-to-high twenties.

"Several factors affected the global LCD industry during the second quarter,” said LG. Philips President and CFO Ron Wirahadiraksa in a statement. “First, the industry experienced larger than expected price declines across all product categories. In addition, while mid-to-long term demand for flat screen panels remains strong, we saw weaker seasonal demand during the second quarter, which has increased our inventory to about four weeks, a higher level than anticipated,

 “we have decided to temporize production to address inventory concerns and better balance our short term supply with demand. Furthermore, we are reviewing our total capacity plans for the year and beyond."

LCD TV shipment growth at the end of Q2 is expected to be approximately 25 percent quarter-on-quarter, approximately 50 percent less than previously announced expectations.

By: DocMemory
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