LCD Panel Makers Slash Production Amid Losses
Following declining panel prices and continued losses, several global LCD suppliers have further slashed production volumes, particularly for 43″, 49/50″ and 65″ TV panels.
According to Taiwanese trade publication DigiTimes, TV panel prices have continued to fall in April.
During the first quarter of 2018, medium TV panel prices reportedly dropped 7% – 10%, whilst large size TV panels slipped over 10%.
In April, the average quote for a 65-inch TV panel slipped US$10 to US$280 – a price expected to incur losses for several panel manufacturers.
A significant increase in the production of panels above 65-inches is said to have further exacerbated results.
As Samsung Display, LG Display, AU Optronics (AUO) and Innolux retain their position as dominant players, global shipments of 65-inch TV panels have reportedly notched ~1 million units per month.
The industry giants are also expected to cut their production capacity for 65-inch panels, in a bid to reduce potential losses.
Several suppliers have reportedly affirmed 23.6″, 32″ and 55″ TV panels remain profitable.
Prices of 43-inch FHD TV panels are also expected to drop further in May, with some suppliers set to incur losses also. Prices for the panels are currently set around US$93.