Report: Flat-Panel TV Shipments Continue to Drop7 Oct, 2013 By: Chris Tribbey
For the second straight month, global shipments of flat-panel TVs declined in July, compared with the same month in 2012, according to research from IHS.
Combined shipments of LCD and plasma displays hit 14.88 million units for the month, down 6.3% year-over-year. LCDs accounted for 14.1 million of those units, down 5.7% year-over-year.
“Last year was the first time that global flat-panel TV shipments failed to grow, following a decade of blockbuster expansion and runaway success,” said Jusy Hong, senior analyst for consumer electronics and technology at IHS. “This year as recently as May, it appeared that the flat-panel TV market might pull off a rebound even if growth would have been marginal at less than 1%.
“However, with any increase unlikely to take place even in the fourth quarter, it appears more likely that TV shipments will post another year of decline in 2013,” he continued. “If so, this would make it the second year in a row that flat-panel TV shipments retrench — an unthinkable prospect just a few years back, during the flat-panel boom.”
Chinese TV brands as a group (Changhong, Haier, Hisense, Konka, Skyworth and TCL) accounted for 20.4% of the shipments in July, up from 15.5% in June.