By William Trent, CFA of Stock Market Beat
iSuppli raises 2007 LCD TV panel shipment forecast | Reuters.com
Research firm iSuppli Corp. said on Wednesday it had raised its shipment forecast on panels for LCD televisions by 3 percent to 75.2 million units globally this year, as falling prices boosted fresh demand. The unit shipment would be up 42.7 percent from 52.7 million liquid crystal display (LCD) panels shipped last year, iSuppli said in a statement. That was also higher than 72.9 million units it forecast in the fourth quarter of 2006.The price of a 32-inch LCD-TV panel is expected to fall 17 percent in the first half of 2007 from the fourth quarter of 2006, iSuppli said.
The sales forecast is probably as good as any, but the key question for investors is whether the supply growth will be in line with demand growth. Too much supply means lower pricing even with strong demand. The fact that prices are expected to fall 17% in the first half (typically tech prices decline about 20% per year) suggests the supply/demand balance remains out of whack
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