LCD spike lifts retail

New figures released by research house GfK have shed light on the state of the LCD TV market in the region.

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By  Administrator Published  August 3, 2007

New figures released by research house GfK have shed light on the state of the LCD TV market in the region. According to data relating to the opening two months of the year, the sale of LCD TVs through the Middle East retail channel grew threefold to more than 25,000 units. That figure - which brought retailers around US$34m in revenue - puts the market firmly on course to exceed the 72,600 units sold throughout the whole of last year. It also emphasises the ongoing shift from CRT screens to high quality flat-panel models.

GfK, which says 75% of the output during January and February came from 32-inch screens or above, identified Samsung as the vendor with a "leading market share" in the major Gulf LCD markets.

The South Korean electronics giant purportedly netted a 34% share of the UAE market and 28% share of the Saudi LCD space during the first two months of the year.

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