LG.Philips, a global LCD panel maker, is scheduled to announce its financial report for the fourth quarter of 2004 (October-December) on the 24th. In the case of overcapacity, unsatisfied demand, and inconsistent panel prices, Bloomberg consolidated the opinions of eight analysts. LG.Philips is expected to face the first loss since Q1 of 2003.
Compared with the gains of up to 54.4 billion won ($524 million) in Q4 2003, analysts estimate that the net loss of LG.Philips's Q4 will reach about 2.8 million U.S. dollars. Insiders believe that although Samsung TFT business unit Q4 still makes small profits, but LG.Philips Q4 will face a slight loss of 10 billion won ($9 million) or more, while being affected by falling prices, profitability in 2005 will also be Dramatically shrinking.
LG.Philips and Samsung have been optimistic about consumer demand for large-size LCD TVs in 2004. They have invested heavily in the expansion of the latest production lines. However, in the case of expansion of Taiwanese manufacturers, excessive production capacity and prices have fallen, causing manufacturers to suffer serious profits. Erosion, Samsung's financial report released on the 14th showed that the panel sector operating profit drops by as much as 99%.
According to the DisplaySearch report, in December 2004, the average price of large-size LCD panels was US$195, a decrease of 30% compared with the same period in 2003. Investment analyst Martin Lau said that in addition to Samsung, which has announced financial reports, there are panel makers such as LG.Philips, AUO, and Chi Mei, which are expected to announce their 2004 Q4 earnings in late January through early February. Under the circumstances, the panel factory Q4 financial report may be difficult to see.
Although the current monitor panel price decline has slowed down, it seems that it has not reached the bottom. The average price of 15-inch and 17-inch display panels fell slightly by 2-3 US dollars in late January. The 19-inch display panel, due to the increase in input manufacturers, has seen a slight drop in prices, and the average price fell by about US$5 in late January.
The drop in LCD TV panel prices is relatively large. According to statistics from market research institutions, the average price of 32-inch LCD TV panels fell by another 25 dollars in the beginning of January from the previous month. The current average price is about 650 US dollars, while the average price of 23-inch and 20-inch LCD TV panels also dropped by 25 and 15 US dollars, respectively.
Compared with the gains of up to 54.4 billion won ($524 million) in Q4 2003, analysts estimate that the net loss of LG.Philips's Q4 will reach about 2.8 million U.S. dollars. Insiders believe that although Samsung TFT business unit Q4 still makes small profits, but LG.Philips Q4 will face a slight loss of 10 billion won ($9 million) or more, while being affected by falling prices, profitability in 2005 will also be Dramatically shrinking.
LG.Philips and Samsung have been optimistic about consumer demand for large-size LCD TVs in 2004. They have invested heavily in the expansion of the latest production lines. However, in the case of expansion of Taiwanese manufacturers, excessive production capacity and prices have fallen, causing manufacturers to suffer serious profits. Erosion, Samsung's financial report released on the 14th showed that the panel sector operating profit drops by as much as 99%.
According to the DisplaySearch report, in December 2004, the average price of large-size LCD panels was US$195, a decrease of 30% compared with the same period in 2003. Investment analyst Martin Lau said that in addition to Samsung, which has announced financial reports, there are panel makers such as LG.Philips, AUO, and Chi Mei, which are expected to announce their 2004 Q4 earnings in late January through early February. Under the circumstances, the panel factory Q4 financial report may be difficult to see.
Although the current monitor panel price decline has slowed down, it seems that it has not reached the bottom. The average price of 15-inch and 17-inch display panels fell slightly by 2-3 US dollars in late January. The 19-inch display panel, due to the increase in input manufacturers, has seen a slight drop in prices, and the average price fell by about US$5 in late January.
The drop in LCD TV panel prices is relatively large. According to statistics from market research institutions, the average price of 32-inch LCD TV panels fell by another 25 dollars in the beginning of January from the previous month. The current average price is about 650 US dollars, while the average price of 23-inch and 20-inch LCD TV panels also dropped by 25 and 15 US dollars, respectively.
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