LG Display, Samsung see depressed LCD market turning
Samsung Electronics Co. and LG Display, the world's top two flat-screen makers, expect the depressed LCD market to start rebounding as demand rises in China and new TV models are rolled out. Global LCD makers are hoping China, widely expected to become the world's biggest TV market this year, pulls the sagging flat-screen industry out of a year-long downcycle when oversupply pushed prices lower. European demand is faltering due to the region's debt crisis and U.S. consumers are showing little sign of significantly boosting their spending on big ticket items. After falling by one third over the past one year, TV panel prices are finally showing signs of bottoming out. Prices of 40-42 inch panels have edged up 1 percent since late April, industry data shows. In interviews with Reuters this week, Choi of LG Display and the head of Samsung's LCD business sounded upbeat on the outlook for an industry that posted widespread losses in the first quarter. Both companies control around one quarter of the flat panel market, although Samsung has a marginal advantage in revenue terms.
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