Shipments of LCD flat-panel TVs will fall this year from the year before, the first such decline since the popularity of such TVs took off in 2006, according to a research firm. Get the full story »
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Flat-screen TV prices to plunge for holiday season
A customer shops for TVs at Best Buy. (AP Photo/Ron Heflin)
An historically large oversupply of LCD TV panels is causing television prices to fall right in time for the holiday shopping season.
By the end of this month, LCD TV prices will be about 5 percent lower than they were at the same time last year, according research firm DisplaySearch. But a tailspin will start in October: In the last three months of the year, the firm forecasts that prices will keep falling until they bottom out at 12 percent below 2009 levels. Get the full story »
LCD makers hit with lawsuit for alleged price-fixing
The Illinois Attorney General’s office said it filed suit Tuesday in Cook County Circuit Court against 22 major companies for allegedly fixing the prices of liquid crystal display screens used in computers, televisions and cell phones.
The companies named in the lawsuit include Hitachi, Ltd., Epson Imaging Devices Corp., LG Display Co., Samsung Electronics Co., Ltd., Sharp Corp., and Toshiba Corp.
In addition to seeking to stop the alleged activity, the suit asks the court to award as damages the overcharges paid on purchases of the affected items. Get the full story »
