The flat-panel price war has taken its toll on one of the industry's biggest players, LG Electronics, which reported yesterday that although flat-panel sales were up in the first quarter, the company actually lost money on those sales.
LG's Digital Display group reported an increase in sales to $2.93 billion or 1.5% over last year. The problem is that those sales came at an operating loss of nearly $3 million.
Bottom line: the flat-panel TV price war is good for consumers but bad for the manufacturers. At some point you have to figure that there will be some inevitable consolidation in the industry to weed out the weaker players.
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