Reports of the demise of the cathode ray tube (CRT) market are greatly exaggerated.
This is the view - with apologies to American author Mark Twain - of LG.Philips Displays chairman and chief executive Andreas Wente, made known in a recent presentation to the media on the state of the CRT industry.
Hong Kong-based LG.Philips Displays, the world's largest manufacturer of CRTs, makes about one in every four CRTs for colour televisions and computer monitors sold worldwide.
Twain famously said reports of his death had been 'greatly exaggerated' after reading his own obituary in the press on June 2, 1897.
Mr Wente said a number of reports in the media these days seemed to write off the CRT sector as more advanced and slimmer display technologies gained momentum in the world market.
The South China Morning Post reported early this month that, 'with great improvements in quality and performance, and a simultaneous sharp fall in prices, flat-panel displays have gone a long way to eliminating the market for cathode ray tubes'.