Samsung OZ TV Sales Go Soft Factory Starts To Cut Back

X

Samsung Electronics whose TV sales in Australia are struggling has started to cut global TV production because of weak demand. Also struggling to get traction in the Australian market is Samsung’s all new $10,000 9 series TV according to sources at the OZ subsidiary.
In a statement issued overnight Samsung said that their LCD factories were currently operating at around 90 percent utilisation due to a “softening of the market”.

Both JB Hi Fi and Harvey Norman have confirmed to ChannelNews that sales of all TV sales have fallen “flat”.

Samsung’s comment comes at a time when many LCD producers are reeling from falling profitability due to weak demand for TVs in markets like Australia, Europe and the USA.

Earlier this year Samsung Australia was offered a TV deal by Microsoft to link their Xbox 360 Foxtel offering with a Samsung TV. The deal was rejected only to be picked up immediately by LG.

Analysts said Samsung’s effort to reduce output, if joined by its rivals, could help contain further price falls and advance a much-awaited industry rebound.

Nam Ki-yung, a Samsung Electronics spokesman, said the reduction of its LCD factory utilisation rate is partly due to year-end maintenance and adjustment of some output lines to gear up for new products.

At the CES Show in Las Vegas in January 2011, Samsung is set to reveal what has been described by Samsung Australia as an “exciting new range” of TVs with a big emphasis on IPTV services and that deliver a variety of applications to the screen. The TVs will also deliver DLNA connectivity to various devices including tablets, Smartphones and new Google Chrome powered notebooks and netbooks.

Samsung’s LCD division, which makes LCD screens for phones, computers and TVs, saw a sharp drop in operating-profit margin to 6.5 percent in the third quarter from 11.3 percent in the second quarter as weaker sales of TVs weighed on demand for LCD screens.

Skullcandy 728x90 1 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
FA 979 HN MDF SG14 14gen 728x90 1 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
728 x 90 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
Hisense KV BannerAd 728 90 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
AU X8 Banner 728x90 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
Marshall 728x90 1 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
HAIER Series 600 FLW HPD Pairs 728x90 1 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
BEL2535 BPB024 4SQ Banners 728x90 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
4Square Media Banner Ads Update at 5 July JSAU05JUL1 MR 728x90 1 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
250527 SAV Channel news June25 Leaderboard 728x90 1 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
Px7 S3 728x90 1 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
BlueAnt 4SQM PumpAirUltra 728x90px Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
Arlo July Promo Digital 728x90 2 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
JBL TourPro3 728x90 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
Flick of a switch 728x90 1 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
MOTO 36331576 Q3 Ad Banners 728x90 2 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
728x90 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
4Square Media Banner Ads Update at 5 July JSAU05JUL1 Buddy 728x90 1 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
ELX DIG Crosscat Promo 728x90 Mar25 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
appliance retailer leaderboard may 728x90 Hitachi updated Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
ChannelNews AZ100 728x90 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
Westan 728x90px Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
728x90 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
GOTHAM 728px x 90px Samsung OZ TV Sales Go Soft Factory Starts To Cut Back
Uniden Channelnews SoloX July 2024 728x90 1 Samsung OZ TV Sales Go Soft Factory Starts To Cut Back


YOU MAY ALSO LIKE