ENP Newswire -
Release date- 23082013 -
A total of 47.7 million square meters (msqm) of LCD panels for use in televisions and public information displays were produced globally during the first six months of the year, according to a new LCD Fab and Inventory Management tracker from
Meanwhile, 18.4 msqm of LCD panels were produced during the same period for monitors, notebook computers and tablets comprising the IT sector. Shipments also came out lower at 18.0 msqm-similar to what occurred in the TV sector-so that IT panel production exceeded shipments by 2.6 percent.
'The large-sized LCD panel market in the first half of 2013 suffered from slow demand, primarily driven by an underperformance of sales in
The same lackluster demand was in evidence for panels in the IT sector, where consumers and businesses alike showed little enthusiasm for buying new monitors or laptop PCs. Instead, devices like smartphones and tablets were the preferred items of purchase, selected for their appeal and ease of use, Park noted.
Given the slow demand, panel makers reduced utilization rates for their fabs to 79 percent during the first half-5 percent lower than the average recorded during the second half of 2012. Still, the deliberate curtailment in fab utilization was not enough to prevent an increase in accrued panel inventory. Accumulated stockpiles for TV panels amounted to 8.7 msqm, up 12 percent from the second half last year. For IT panels, the figure was 2.9 million msqm, an increase of 19 percent.
The slow demand and high inventory of the first half resulted in a price drop for panels during that time frame. The open-cell price of 32-inch high-definition, 60-hertz TV panels fell by 7.5 percent, while that for IT panels was down approximately 4 percent.
'The current excessive inventory levels portend badly for the rest of the year,' said
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today's business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the
IHS is a registered trademark of
[Editorial queries for this story should be sent to firstname.lastname@example.org]
((Comments on this story may be sent to email@example.com))
Most Popular Stories
- American Airlines, US Airways Complete Merger
- ACA Delay Stresses Small Businesses
- Unemployed Wait as Lawmakers Debate
- Questions Remain in Jenni Rivera's Death
- General Dynamics Plans 200 New Jobs in N.M.
- Dell Offers Undisclosed Number of Employee Buyouts
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Harley Issues Motorcycle Recall
- Authorities Close to Deal with JPMorgan Chase over Madoff Response
- Auto Dealer Builds Big Solar Project