TPV Technology, the world's largest supplier of personal computer monitors, expects sales of liquid crystal display (LCD) monitors to jump more than 25 per cent this year as global demand for flat-screen products remains strong.
'Our LCD monitor shipments during the first quarter, typically a low season, were greater than in the fourth quarter last year,' said Jason Hsuan, TPV chairman and chief executive. 'We expect our LCD monitor shipments to grow to 48 million units this year, compared with 38 million last year.'
Mr Hsuan said TPV would further cut shipments of its bulky cathode ray tube (CRT) monitors to 2 to 3 million units this year as most customers prefer flat monitors.
According to Display Search, global LCD monitor shipments will increase 10.5 per cent to 181.5 million units this year, while CRT monitor shipments will drop 30.7 per cent to 12.4 million units.
Last year, TPV maintained its No1 ranking in the global monitor market with a 23.9 per cent market share, according to its internal research. Its South Korean rival Samsung Electronics ranked second with a 15 per cent market share, followed by Taiwan's Innolux with 13.6 per cent.
TPV reported on Wednesday night net profit rose 18.6 per cent last year to US$180 million on a 17.8 per cent increase in sales to US$8.45 billion. LCD monitor shipments grew 37 per cent to 37.4 million units, while CRT monitor shipments dropped 49 per cent to 5.7 million units.
