Flat panel prices set to slump

OVERPRODUCTION of LCD flat panels and fierce competition from the manufacturers is likely to lead to prices falling by nearly a third next year, a Reuters report said.

LG and Sharp made the announcement at a consumer electronics show in Germany, but such remarks are unlikely to make people dip into their wallets in the run up to Yuletide, we'd expect.

LCD TV prices fell by a third last year, according to an LG executive. The problem is fierce competition matched by continual moves to create more efficient next generation LCD processes.