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LCDs drive Sharp to strong sales

Posted: 06 Feb 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Yoshiko Hara? Sharp? sales? LCD?

For its third fiscal 2005 quarter ended December, Sharp Corp. reported record high sales of $6.2 billion, up 12.5 percent from a year ago, and an operating profit of $371 million, up 20 percent year-to-year.

Sharp said sales were driven mainly by large size LCD TVs, LCD panels, mobile phones and solar batteries.

Sales of LCD TVs 30 inches and over rose 50 percent year-over-year to 1.2 million units, accounting for over 40 percent of Sharp's LCD TV sales. While street prices declined by 30 percent, Sharp's average unit prices rose 2 percent due to the rapid shift to larger screens, according to Hiroshi Saji, corporate senior executive vice president of Sharp.

Sharp expects total LCD TV sales to surpass 4 million units in the fiscal year ending March, up 47 percent from a year earlier.

On the negative side, the semiconductor sector saw third fiscal 2005 quarter sales fall by 3 percent to $354 million, with the operating profit dropping 24 percent to $14 million.

A Sharp spokesman attributed the decline to a steep fall in the price of NOR flash memories for mobile phones. Sharp has a share of under 5 percent in the NOR flash market.

The spokesman added Sharp has cut flash memory production to reallocate capacity to other products.

- Yoshiko Hara
EE Times

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