China reports 3.8 million units of LCD TV sales in 2006

Sales of LCD televisions in China increased 200 percent year on year to 3.8 million units in 2006 and are expected to to reach seven million this year, according to the China Video Industry Association.

The association said LCD televisions held a 10.6 percent share of the country's color TV market in 2006.

It said sales revenue of LCD televisions grew 189 percent to 36.5 billion yuan (4.7 billion U.S. dollars) last year.

According to the association, big price cut has stimulated LCD TV sales. Forty-inch to 46-inch LCD televisions saw an average price cut of around 30 percent last year.

The association predicted that the prices will drop by another 25 percent this year due to lower production cost.

Sales of plasma TVs climbed only 13 percent to 600,000 units. Traditional television sets, with cathode ray tubes, still far outsold all others with 87 percent of the market share.

Source: Xinhua