With this announcement, Matsushita has unveiled its latest 37-inch LCD television which will go on sale in Japan on September 1st. Price is estimated at 300,000 yen ($2,500) and is expected to be offered to oversees markets by as early as the end of this year.
At one time, plasma displays had dominated the large flat television market with cheaper prices and better picture quality. Recently however, LCD has gained a lot of ground by offering bigger models at cheaper prices thanks in part to companies introducing larger more cost-efficient production lines.
The global market for LCD sales was up 54% from last year to $13.6 billion for the period of January to March. In contrast, plasma TV sales have fallen 9% to $3.6 billion, according to DisplaySearch. With this type of change in market trends, its no wonder why Matsushita wanted a piece of that action.
Source:
Reuters
Written by: Dave Horvath @ 9 Aug 2007 8:26