Blame it on Stagflation! Samsung India has announced a 5 percent price rise on its LCD monitors, effective July 2 this year.
The price rise, ranging between Rs 250 and Rs 500, is applicable across Samsung's range of LCD monitors, including Myst, Hayden, and Touch e series models. These monitors sport screen sizes including 15-inches, 17-inches, 19-inches, 20-inches, and 22-inches. Particularly, the Touch e series LCD monitors come with a contrast ratio of 800:1 for finer video and pictures, 16.7 million color support, wide viewing angle, and MagicClear anti-reflection technology. At present, Samsung's range of LCD monitors is priced between Rs 7,500 and Rs 14,000.
Commenting on the price rise, Sanjay Sharma, vice president (Sales) of IT Business, Samsung, said, "The depreciating rupee and the rising inputs costs have compelled us to effect this price increase."
Chi Mei Optoelectronics (CMO) has decided to cut LCD panel output by 10% effective immediately, as the outlook for the market remains bleak, according to industry sources.
But with clients for IT applications slashing their orders in July, and monitor panel prices plunging steeply, CMO expects its overall shipments and revenues for July to decline compared to June, the sources said.
LCD monitor panel prices may drop below their fully-loaded costs in August, and may even come close to the cash cost levels, which would mark the lowest acceptable average selling prices (ASPs) for makers, according to WitsView.
The research firm said IT panels will drop 7-9% and TV panels will slip 3-5% in the first half of August. The persistent downward price trend has stemmed from an inventory glut and weak demand from clients that are withholding their orders in anticipation of further price drops.
PoBoy said:
Although Taiwan-based panel makers AU Optronics (AUO) and Chi Mei Optoelectronics (CMO) originally planned to cut their panel utilization rates by an average of 10-15% in the third quarter, actual reductions are now expected to be 5-10 percentage points higher due to weak consumer demand, according to industry sources ...
Major LCD panel makers have reported significant declines in sales for July amid weak demand and falling prices, and industry sources have indicated that panel quotes in August are dropping at a pace faster than initially expected amid "chaotic" price negotiations between suppliers and clients.
Earlier this week AU Optronics (AUO) posted an 11.1% decline in its July consolidated sales. The latest July revenue figures released by Chi Mei Optoelectronics (CMO) and HannStar Display have shown that they fared even worse.
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gangulysaptak said:Had no intentions, but now planning to get a LCD ..
BTW any indications of price cuts in India??
another thing i noticed is LCDs like LG 32LG60UR having MRP like 57000 but selling for 43000.. has this always been this way.. or is a recent trend??
blr_p said:Anyone else noticed this ?