LG Electronics plans to raise the prices of its 17in LCD monitors by five per cent in the coming months, the company revealed at the CeBIT trade show.
The price hike signals the end of a prolonged period of decreases. Prices for LCD displays have tumbled by more than a third since the middle of 2004, according to Taiwanese market researcher WitsView Technology.
Luc Graré, sales director for information system products at LG, said: "Supply and demand have reached a balance. We still might see prices drop in 19in, but in 17in monitors we have seen the lowest point."
WitsView Technology noted that prices remained stable in February for both 17in and 15in displays. For March it predicts that 17in displays will once again stay flat.
The recent price decrease was the result of a sudden growth in production capacity caused by manufacturers investing heavily in new factories.
Demand for LCD displays is expected to reach record levels as consumers start to replace glass-tube equipped TVs with sleeker LCD models.
The market for LCD displays is a $36bn industry dominated by Samsung Electronics.
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