AfterDawn: Tech news

LG cuts TV sales forecast

Written by Andre Yoskowitz @ 18 Aug 2011 11:23

LG cuts TV sales forecast

LG Electronics has cut its annual TV sales forecast by 20 percent, citing an uncertain global economy.
Rival Sony issued a similar warning just last week.

Market leader Samsung has long held a weak sales outlook for TVs in Europe and the U.S. for the coming quarters.

Says LG:

TV sales are seen sharply below our original target and may come in at around 32 million units this year, as the euro zone fiscal crisis is likely to continue and a U.S. consumption recovery also remains uncertain.


For the year, LG expects 40 million HDTV sales.

Sony dropped its forecast from 27 million to 22 million last week.

Previous Next  
Comments have been disabled for this article.

News archive