SEATTLE (AP) — Companies that make huge flat-screen televisions and their LCD panel components are alerting investors that demand is dropping in the U.S. and other developed markets.
The forecasts trickled out as Asian electronics manufacturers reported earnings for the most recent fiscal quarter.
Sharp Corp. slashed its profit forecast for the fiscal year, which ends in March, saying it had to adjust its production of LCD panels to respond to a sharp decline in demand for the large-size panels. LG Electronics Inc. says it expects price erosion in its TV business will eat into earnings in the fourth quarter.
Sony Corp. says LCD TV prices fell in the latest quarter, while Samsung Electronics Co. says it also expects prices for LCD panels to decline.