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New enviromental friendly LCD glass to reduce prices

03-22-2006, 04:13 PM

Corning Glass:

The company, which also makes optical fiber, pollution filters and specialty glass products, expects prices for LCD glass to fall more sharply in the first quarter than in the past. About 38 percent of its $4.58 billion in revenues last year came from LCD glass.

LCD TVs accounted for 11 percent of the global TV market in all of 2005, up from 5 percent in 2004. That share could rise to 19 percent this year and at least 25 percent in 2007, the company predicted."

The projection numbers for LCD glass is an indicator of industry production and a hint at sales figures for next year, most of these LCD TV's will be digital ready and HD.