Sony expecting 8 Million LCD TV shipments in 2007

Sony expects to increase its global LCD TV shipments to 8 million units in Fiscal 2007, according to Makoto Kogure, president of Sony's TV Group and company senior vice president.

Kogure indicated that global demand for flat panel TVs is expected to jump significantly in the next few years. By 2008, flat panel TVs will account for 42% of the overall TV market, up from a 32% share in 2007. LCD TV will account for 75% of the flat panel TV market, rising from 52% in 2005, added Kogure. By fiscal 2007 (April 2007- March 2008), demand for global LCD TVs will reach 80-100 million units, up from 50 million units in fiscal 2006 (April 2006-March 2007), he noted.