South Korean makers cut large-format PDP and LCD TV prices
Korean Digital Chosun reports that leading South Korean monitor makers, including Samsung, LG, and Daewoo, decided to cut prices for their PDP products and LCD TVs. Some discounts are to make 23%.
As the main reason for this observers state the significantly reduced demand for large-format wall-mounted TVs.
Though, LG Electronics representatives officially claim that the company can allow itself a price cut due to the significant PDP production cost price reduction. Anyway, LG´s PDP TV line became 8-22% cheaper, at that the price for company´s main product, 42-inch PDP TV, dropped by 22% from 7.6 million won to 5.9 million won (from about $6050 to $4700). Samsung Electronics´ average PDP price cut made 20%.
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