Flat TV Makers Expecting Big Profits
TV Makers Expect Big Profits
Demand rising for flat-screen TVs, according to a news report.
By Phillip Swann
Washington, D.C. (July 24, 2006) -- Matsushita and other TV makers are expected this week to post improved second quarter profits.
The reason: Rising demand for flat-screen TVs, reports Reuters.
However, Reuters says Sony may fail to report stronger profits due to a sizable investment in its new Play Station 3 game console.
Sharp will report its earnings on Tuesday, followed by Matsushita (maker of Panasonic brand TVs) on Wednesday and Sony on Thursday.
Analysis say Matsushita could post a 71 percent gain in operating profits for the April-June period due to strong sales of its Plasma TV line and digital cameras.
Reuters quotes Matsushita Senior Managing Director Shunzo Ushimaru as saying the company's Plasma TV shipments doubled from a year earlier.
"We saw explosive demand for big screen TVs this spring," he said.
Despite the rosy forecasts, USA Today reported last week that lower-than-expected demand for flat-panel sets is forcing TV makers to cut prices. For instance, some 37-inch flat-screen sets now sell for around $1,100 -- about $3,000 less than a year ago.
Rosemary Abowd at Pacific Media Associates. a research firm, says average flat-panel prices fell more than 12 percent from January to May.
Industry analysts tell the newspaper that prices will fall even further in the coming months, particularly during the holidays when discounting rises.
© TVPredictions.com
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Phillip Swann is president and publisher of TVPredictions.com. He has been quoted in dozens of publications and broadcast outlets, including CNN, Fox News, Inside Edition, The New York Times, The Washington Post, The Chicago Tribune, The Financial Times, The Associated Press and The Hollywood Reporter. He can be reached at swann@tvpredictions.com or at 703-505-3064.
And click TVPredictions.com to read more news and features on TV technology.
Demand rising for flat-screen TVs, according to a news report.
By Phillip Swann
Washington, D.C. (July 24, 2006) -- Matsushita and other TV makers are expected this week to post improved second quarter profits.
The reason: Rising demand for flat-screen TVs, reports Reuters.
However, Reuters says Sony may fail to report stronger profits due to a sizable investment in its new Play Station 3 game console.
Sharp will report its earnings on Tuesday, followed by Matsushita (maker of Panasonic brand TVs) on Wednesday and Sony on Thursday.
Analysis say Matsushita could post a 71 percent gain in operating profits for the April-June period due to strong sales of its Plasma TV line and digital cameras.
Reuters quotes Matsushita Senior Managing Director Shunzo Ushimaru as saying the company's Plasma TV shipments doubled from a year earlier.
"We saw explosive demand for big screen TVs this spring," he said.
Despite the rosy forecasts, USA Today reported last week that lower-than-expected demand for flat-panel sets is forcing TV makers to cut prices. For instance, some 37-inch flat-screen sets now sell for around $1,100 -- about $3,000 less than a year ago.
Rosemary Abowd at Pacific Media Associates. a research firm, says average flat-panel prices fell more than 12 percent from January to May.
Industry analysts tell the newspaper that prices will fall even further in the coming months, particularly during the holidays when discounting rises.
© TVPredictions.com
--------------------------------------------------------------------------------
Phillip Swann is president and publisher of TVPredictions.com. He has been quoted in dozens of publications and broadcast outlets, including CNN, Fox News, Inside Edition, The New York Times, The Washington Post, The Chicago Tribune, The Financial Times, The Associated Press and The Hollywood Reporter. He can be reached at swann@tvpredictions.com or at 703-505-3064.
And click TVPredictions.com to read more news and features on TV technology.
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