Russian LCD TV Sales on the Rise13 Oct, 2009 By: Jordan Harrison
The Russian LCD TV market is set for strong growth this year, despite harsh economic times, according to a study by iSuppli. Shipments already have increased 13.6% this year, totaling 5 million units, up from 4.4 million in 2008.
It is estimated that by 2013, shipments will have doubled to around 9 million, and profits will reach $5.7 billion.
LCD TV is the only segment of the Russian market that is on the rise. Plasma display panel televisions (PDP TVs) and cathode ray tube televisions (CRT TVs) are decreasing in 2009 and beyond.