Recession has hit the LCD TV manufacturers big, forcing them to cut costs just to stay alive. Of course, for us consumers this is great news but for LCD TV manufacturers in China, this means barely surviving.
According to NYTimes, companies are lowering prices even further just to survive.
The price reductions are great for consumers, but not so good for the companies that manufacture the sets. “The manufacturers needed to keep sales momentum going when people cut back on spending,