Big-screen Tv Sets In Hot Demand For Holiday
The nation's largest retailers slashed prices of large-screen LCD and plasma TV sets over the Thanksgiving holiday weekend and found them being grabbed up in record numbers, published reports said. Meanwhile a survey by Information Week indicates that plasma TV sets 42 inches and smaller are likely to be phased out as the prices of LCD sets continue to fall. By this time next year "there will be no price difference between plasma and LCD TVs" for 42-inch models, Credit Suisse analyst Wanli Wang told the trade publication, noting that, given the same prices, customers would choose the LCD sets because of their higher resolution. Currently plasma holds an advantage over LCD when it comes to sets 50 inches and larger, but James Wu, CFO of Chunghwa Picture Tubes of Taiwan, which shut down its plasma business this year to focus on LCDs, said that he expects LCD manufacturers to overcome the current technical difficulties in producing larger models "in a timely manner."